{"id":1646,"date":"2016-05-31T18:43:43","date_gmt":"2016-05-31T18:43:43","guid":{"rendered":"http:\/\/www.tampaschoolofrealestate.com\/dictionary\/?p=1646"},"modified":"2016-05-31T18:43:43","modified_gmt":"2016-05-31T18:43:43","slug":"redemption","status":"publish","type":"post","link":"https:\/\/classic.tampaschoolofrealestate.com\/dictionary\/r\/redemption\/","title":{"rendered":"redemption"},"content":{"rendered":"

Definition:<\/strong>\u00a0 the right of mortgagors who have defaulted on the mortgage note to redeem or get back their title to the property by paying off the entire mortgage before the foreclosure sale<\/p>\n

Pronunciation:<\/strong>\u00a0 \u00a0\\ri-\u02c8dem(p)-sh\u0259n\\<\/p>\n

Used in a Sentence:<\/strong>\u00a0 \u00a0Before a property has been sold at a foreclosure sale the mortgagor has the right of redemption to reclaim their property.<\/p>\n","protected":false},"excerpt":{"rendered":"

Definition:\u00a0 the right of mortgagors who have defaulted on the mortgage note to redeem or get back their title to the property by paying off the entire mortgage before the foreclosure sale Pronunciation:\u00a0 \u00a0\\ri-\u02c8dem(p)-sh\u0259n\\ Used in a Sentence:\u00a0 \u00a0Before a property has been sold at a foreclosure sale the mortgagor has the right of redemption ..<\/p>\n

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