No state allows a defaulting borrower to repurchase the property after a judicial foreclosure sale.

Question

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Some states have laws that allow a defaulting borrower a "right of redemption," which is a period after a judicial foreclosure sale during which they can repurchase the property by paying the sale price plus additional costs. The specifics of this right, including the duration and conditions, vary by state.

No State Allows a Defaulting Borrower to Repurchase the Property