Frank's farm is to be sold at a foreclosure sale. For Frank to keep the farm by paying the full amount of the debt, plus any interest and costs that have accrued, is

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The equity of redemption refers to the right of a borrower to redeem or reclaim property that has been foreclosed by paying off the debt, interest, and costs. In this scenario, Frank has the option to exercise the equity of redemption by paying the full amount owed on the farm to keep it from being sold at a foreclosure sale.

Frank's Farm Is to Be Sold at a Foreclosure Sale