Even after a property goes into foreclosure, it is still possible for the borrower to reclaim the property as long as they produce the outstanding mortgage balance and all foreclosure costs incurred to that point. In a state such as Florida, this right may even extend beyond the date of the foreclosure sale. When this occurs, this right is more commonly referred to as:

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Statutory redemption refers to the right of a borrower to reclaim their property after a foreclosure sale by paying the outstanding mortgage balance and any additional costs within a specific period defined by state law. This right extends beyond the foreclosure sale in some states, including Florida.

Even After a Property Goes into Foreclosure, It Is Still