Social Studies, 12.11.2019 22:31 mallyosburn
Even after a property goes into foreclosure status with a lender, it is still possible for the borrower to reclaim the property as long as they produce the outstanding mortgage balance and all foreclosure costs incurred to that point. in a state such as georgia, this right is contained in the security instrument and does not extend beyond the date of the foreclosure sale. this right is referred to as:
strategic default
equitable redemption
substantive default
statutory redemption
Answers: 2
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Even after a property goes into foreclosure status with a lender, it is still possible for the borro...
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