Post-Sale Redemption In Judicial Foreclosure 


Some states like California, afford you an additional redemption opportunity after the foreclosure sale has concluded. This is called “post-sale redemption” and it is, in most cases, the final opportunity for you to save your home by paying the full redemption price plus costs and fees.

Note however, a post-sale redemption is usually only available where the lender has also sought a deficiency judgment against you.

In most cases the only way your lender can actually cut-off your post-sale right of redemption is for the lender to forfeit it’s right to a deficiency judgment. This can be a powerful negotiating tool with your lender and an experienced foreclosure lawyer will know how to exploit this advantage in the homeowners favor given the right circumstances.

Living InThe Home During The Redemption Period In Judicial Foreclosures >>

Leave a Comment

Your email address will not be published. Required fields are marked *