Equitable redemption allows a defaulting borrower to gain title and regain possession of a property.

Name: Equitable redemption allows a defaulting borrower to gain title and regain possession of a property.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Equitable redemption is a legal principle that allows the defaulting borrower to regain title and possession of a property by paying off the outstanding debt and associated costs within a certain period of time after the foreclosure sale. Therefore, the statement is true.

Equitable Redemption Allows a Defaulting Borrower to Gain Title and Regain