Margery defaults on her mortgage loan and her lender proceeds to foreclosure.Before the foreclosure sale occurs,Margery's aunt dies and leaves Margery a large inheritance.Margery buys back her property by paying the full amount of the debt,plus all interest and costs that have accrued.Margery has exercised her

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Margery has exercised her equitable right of redemption, which allows for the borrower to regain ownership of their property by paying off the entire debt, including any interest and costs that have accrued, up until the foreclosure sale. This is a common law right that exists in many states in the United States. The other options listed do not apply to this scenario.

Margery Defaults on Her Mortgage Loan and Her Lender Proceeds