right of redemption

If a holder would sell, the family kept the right of redemption, and there seems to have been no time limit to its exercise.

It is not necessary or proper to consider any question involved in any right of redemption.

To keep the right of redemption, the debtor may be able to petition the court for an injunction.

On 29 August 1759 records show that it was auctioned and the king's right of redemption was exercised.

James Buchanan sold the right of redemption for the estate of Auchmar.

Because the right of redemption is an equitable right, foreclosure is an action in equity.

The law commonly also provides a right of redemption, whereby a debtor may arrange for late payment of the debt but keep the property.

Levites were to have a permanent right of redemption for houses and property in the cities of the Levites.

Unlike open-end mutual funds, funds of hedge funds offer very limited rights of redemption.

In the early 15th century, as a result of debts, the County of Zweibrücken was pledged, with Electoral Palatinate holding the rights of redemption.

Boaz states he is willing to "redeem" Ruth via marriage, but informs Ruth that there is another male relative who has the first right of redemption.

Rights of pre-emption still exist (although are not as common as they once were), but rights of redemption have now been, to all practical intents and purposes, abolished.

This sale (with right of redemption) provided both a legal way to have Alexandre taken to France with Langlois and a temporary loan to pay for his father's passage.

Roy Dragotta, acting director of the County Real Estate Department, said the department did not have much leeway to reinstate the right of redemption under state law.

Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments.

The other male relative is unwilling to jeopardize the inheritance of his own estate by marrying Ruth, and so relinquishes his right of redemption, thus allowing Boaz to marry Ruth.

Virginia differs from many other states in that it does not provide for a right of redemption, by which a debtor can reclaim the property if they raise the money to pay the debt after the foreclosure sale.

If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt.

Therefore, through the process of foreclosure, the lender seeks to foreclose (in plain English, immediately terminate) the equitable right of redemption and take both legal and equitable title to the property in fee simple.

Mortgage repossession involves legal proceedings in which a mortgagee, or other lienholder, usually a lender, obtains a court order for possession of a property, prior to exercising the mortgagor's equitable right of redemption.

And while a judgment of foreclosure and sale is a final determination of the legal issues in the matter, Mr. Joyce said, the law provides a property owner with what is known as a right of redemption.

In New York there is no right of redemption, and in Connecticut there is no right of redemption after a foreclosure sale has been confirmed by a court.)

In 1668 king Frederik III sold the Stange common area to chief district judge Nils Toller, who was interested in the lumber rights, with right of redemption by the king (see Odelsrett).

But the borrower has a right of redemption, that is, the right to reclaim ownership of the property by paying all amounts due on the loan - including late charges and legal fees - for up to 10 days after the sale.

A right of redemption, on the other hand, is a condition in a title to land entitling a third party to buy the property at a certain set price at any time, regardless of whether the owner wishes to sell it or not.