Tuesday, August 22, 2017
   
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What are redemption rights?

In every case the Judge sets a redemption period in accordance to state statutes. Most redemption periods are three to twelve months depending on how much is still owed on the loan. The redemption period allows the defendant to exercise their redemption rights. The redemption rights allow the defendant to pay off the bid amount and any associated cost, thereby they retain possession of the property. During the redemption period you have no legal right of access to the property and the defendant can still reside and maintain possession of the property.

Sheriff Ken McGovern

Sheriff McGovern

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22.08.2017