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equity of redemption |
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equity of redemption The rights a mortgage borrower has to reclaim property after default and before foreclosure.It is a right in real estate and may be transferred by deed, but a bill of sale of the right to another will be unenforceable.Contrast with right of redemption. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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