What Is the Statutory Period of Redemption

question 56

Multiple Choice

What is the statutory period of redemption?

• A) The time limit that a trustee can claim legal title to the real property.
• B) The time allotted to a mortgagor to redeem the property even after foreclosure.
• C) The time by which the mortgagor has to pay his debts before foreclosure.
• D) The time allotted by which a mortgagee must start legal proceedings against a defaulter.

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