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LEGAL RIGHT REDEEM [2 records]
Record 1 - internal organization data 2015-09-18
Record 1, English
Record 1, Subject field(s)
- PAJLO
- Law of Security
Record 1, Main entry term, English
- legal right of redemption
1, record 1, English, legal%20right%20of%20redemption
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
- legal right to redeem 2, record 1, English, legal%20right%20to%20redeem
correct
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
The Court also distinguished between the legal right of redemption in foreclosure proceedings and a borrower's contractual right to reinstate a defaulted loan. By law, a defaulting borrower in foreclosure is entitled to redeem his or her property by paying the entire principal and interest due before confirmation of the sheriff's sale. When that happens, the lender has a legal duty to dismiss the foreclosure proceedings and may not condition that dismissal on payment of attorney fees. This differs from a contractual right to reinstate a loan. In that instance, the borrower typically pays only the amounts needed to make the loan current and continues all future payments on the previously agreed-upon schedule. 3, record 1, English, - legal%20right%20of%20redemption
Record 1, French
Record 1, Domaine(s)
- PAJLO
- Droit des sûretés
Record 1, Main entry term, French
- droit de rachat en common law
1, record 1, French, droit%20de%20rachat%20en%20common%20law
correct, masculine noun, standardized
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 OBS
droit de rachat en common law : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO). 2, record 1, French, - droit%20de%20rachat%20en%20common%20law
Record 1, Spanish
Record 1, Textual support, Spanish
Record 2 - internal organization data 2015-09-18
Record 2, English
Record 2, Subject field(s)
- PAJLO
- Law of Security
Record 2, Main entry term, English
- statutory right of redemption
1, record 2, English, statutory%20right%20of%20redemption
correct
Record 2, Abbreviations, English
Record 2, Synonyms, English
- statutory right to redeem 2, record 2, English, statutory%20right%20to%20redeem
correct
Record 2, Textual support, English
Record number: 2, Textual support number: 1 DEF
The legal right of a Mortgagor to redeem the property after it has been sold at a Foreclosure Sale. 3, record 2, English, - statutory%20right%20of%20redemption
Record 2, French
Record 2, Domaine(s)
- PAJLO
- Droit des sûretés
Record 2, Main entry term, French
- droit de rachat d'origine législative
1, record 2, French, droit%20de%20rachat%20d%27origine%20l%C3%A9gislative
correct, masculine noun, standardized
Record 2, Abbreviations, French
Record 2, Synonyms, French
Record 2, Textual support, French
Record number: 2, Textual support number: 1 OBS
droit de rachat d'origine législative : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO). 2, record 2, French, - droit%20de%20rachat%20d%27origine%20l%C3%A9gislative
Record 2, Spanish
Record 2, Textual support, Spanish
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