If your home is being foreclosed on,you may retain ownership of the property if you pay the full amount of the debt before the sale.This is called a
A) right of revision.
B) right of recovery.
C) right to cure deficiency.
D) right of redemption.
E) right to debt forgiveness.

Question

Quizplus · Accepted Answer

Before the actual foreclosure, most states permit a right of redemption, which allows the mortgagor to get back the land upon payment of the full amount of the debt, including all interest and costs.

If Your Home Is Being Foreclosed On,you May Retain Ownership