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Simple English definitions for legal terms

Right of Redemption

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A quick definition of Right of Redemption:

Right of Redemption: In some states, if someone can't pay back their home loan and their property is taken away, they may have the chance to get it back by paying the full amount they owe plus extra fees. This chance is called the right of redemption. Each state has different rules about how long this chance lasts.

A more thorough explanation:

Definition: The right of redemption is a legal right that allows a mortgagor to recover their property after defaulting on their loan and losing their mortgaged property. To exercise this right, the mortgagor must pay their lender the full amount of their unpaid debt, plus any additional default-related fees. The laws governing the right of redemption vary by state and determine whether and how long the right of redemption persists after foreclosure.

Example: In some states, if a homeowner defaults on their mortgage and their property is foreclosed upon, they may still have the right to redeem their property by paying off the full amount of their unpaid debt, plus any additional fees. For example, if a homeowner owes $100,000 on their mortgage and defaults on their payments, their lender may foreclose on their property and sell it at auction. However, if the homeowner exercises their right of redemption, they can reclaim their property by paying the full $100,000 plus any additional fees.

Explanation: The example illustrates how the right of redemption works in practice. If a homeowner defaults on their mortgage and loses their property, they may still have the opportunity to reclaim it by paying off their debt. This right is governed by state law and varies depending on the state in which the property is located.

Right of entry | Right of representation

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I fear you guys are not nearly locked-in enough
Why $0 at Harvard just to do litigation? Are you actually going to do your original plan post grad? @UncleIroh
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U better be locked in as fuck to go to Harvard at sticker $600k debt is so nasty
dude is loaded if he’s getting 0 in aid from GMA
*hls fucking autocorrect
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Getting into da law skool was da easy part
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Now i gotta PASS da law skool?
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@UncleIroh: is that what u told zuko
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