A borrower has the right to purchase the property after default by paying the full amount of the debt,plus any interest and costs that have accrued.

Question

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This is known as the right of redemption and allows the borrower to reclaim the property by paying off the full amount owed on the loan, including any additional fees and interest that have accrued. However, this right may be subject to certain limitations and timelines depending on the state and type of loan.

A Borrower Has the Right to Purchase the Property After