Which statement is true about redemption after foreclosure?

Which statement is true about redemption after foreclosure?

• A. The borrower may redeem by paying the balance in full within the redemption period
• B. Redemption is not permitted after foreclosure
• C. Redemption requires paying only the delinquent amount
• D. There is no redemption period

Answer: (A)

Redemption after foreclosure gives the borrower one last chance to keep the property by paying what is owed within a set window. To redeem, the borrower must pay the entire amount due on the loan—principal, accumulated interest, penalties, and costs of the foreclosure—within that redemption period. If the full balance is paid in time, the foreclosure is canceled and title remains with the borrower, because the debt is fully satisfied and the lien is discharged. Paying only the delinquent portion or skipping the redemption window does not clear the lien, and saying there’s no redemption period contradicts how this remedy works in most foreclosure scenarios.

Redemption after foreclosure gives the borrower one last chance to keep the property by paying what is owed within a set window. To redeem, the borrower must pay the entire amount due on the loan—principal, accumulated interest, penalties, and costs of the foreclosure—within that redemption period. If the full balance is paid in time, the foreclosure is canceled and title remains with the borrower, because the debt is fully satisfied and the lien is discharged. Paying only the delinquent portion or skipping the redemption window does not clear the lien, and saying there’s no redemption period contradicts how this remedy works in most foreclosure scenarios.