The Real Estate Encyclopedia
Redeem
Category - Real Estate Glossary - Real Estate Terminology
1.  The act of buying back, repurchasing or recovering property lost through a judicial foreclosure sale.

2.  Recovering collateral from a creditor by paying the entire amount you owe. In bankruptcy, property can be redeemed in some situations by paying the collateral's value even if that amount is less than the entire amount owed.


References
 
Category(s)
Real Estate Glossary - Real Estate Terminology
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