CSRE Flashcard Quiz

Over on Facebook, we asked our friends if they could guess the term to this definition:  “A borrower’s right, up to the moment of a foreclosure sale, to step in and pay what he owed and reclaim property forfeited due to mortgage default.”

 

 Can you guess the term?

 

Guess-the-term---equity-of-redemption

The answer? Equity of Redemption. Did you guess correctly?

 


 

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