Re: what is redemption?

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Posted by Ray on February 28, 2005 at 16:48:47:

In Reply to: what is redemption? posted by Nancy on February 27, 2005 at 18:22:29:

: We might be losing our house soon due to foreclosure. We are trying every way we know to keep it, but in the event that we do lose it we need to be prepared. I keep reading about a "redemption period". What is that? We live in Texas. Thanks

Redemption period is a certain time a person has to buy
back the property to preserve the equity after it is sold in any legal foreclosure or a deliquent tax sale.

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Comments:
: : We might be losing our house soon due to foreclosure.  We are trying every way we know to keep it, but in the event that we do lose it we need to be prepared.  I keep reading about a "redemption period".  What is that? We live in Texas.  Thanks

: Redemption period is a certain time a person has to buy
: back the property to preserve the equity after it is sold in any legal foreclosure or a deliquent tax sale.


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