statutory redemption
The right granted by legislation to a mortgagor, one who pledges property as security for a debt, as well as to certain others, to recover the mortgaged property after a foreclosure sale.

Dictionary from West's Encyclopedia of American Law. 2005.


statutory redemption
The right granted by legislation to a mortgagor, one who pledges property as security for a debt, as well as to certain others, to recover the mortgaged property after a foreclosure sale.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • Redemption movement — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • redemption — A recovery back of property by payment of money or performance or other condition. A regaining of property taken from one, as under a mortgage, by paying what is due. Miller v Rafterman, 47 Ohio St 141, 156, 24 NE 496. The obtaining of pledged… …   Ballentine's law dictionary

  • redemption from foreclosure sale — A statutory right of the mortgagor, junior lienor, or other person interested in the property, to recover the mortgaged property sold on foreclosure by payment of the price paid by the purchaser at the sale, interest, and other charges, and the… …   Ballentine's law dictionary

  • Equity of redemption — The equity of redemption refers to the right of a mortgagor in law to redeem his property once the liability secured by the mortgage has been discharged.Historically, mortgages were made by the mortgagor executing a conveyance of legal title to… …   Wikipedia

  • List of Statutory Instruments of the United Kingdom, 1989 — NOTOC This is a complete list of all 1534 Statutory Instruments published in the United Kingdom in the year 1989.1 100* Criminal Justice Act 1988 (Commencement No. 5) Order 1989 S.I. 1989/1 * Food Protection (Emergency Prohibitions) (Wales)… …   Wikipedia

  • right of redemption — right of redemption: the right to regain ownership of property by freeing it from a debt, charge, or lien (as by paying to the creditor what is due to release the secured property); specif: a mortgagor s statutory right to redeem after a judicial …   Law dictionary

  • sheriff's deed — see deed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. sheriff s deed …   Law dictionary

  • sheriff — Constitutionally elected officer having responsibilities of law enforcement and administration of sheriffs department. Durrell v. Franklin County Com rs, Me., 532 A.2d 146, 147. The chief executive and administrative officer of a county, being… …   Black's law dictionary

  • List of Acts of the Parliament of the United Kingdom, 1801–1819 — UK Legislation Acts of Parliament by states preceding the United Kingdom Of the Kingdom of England Before 1485 1485–1601 · 1603–1641 Interregnum (1642–1660) 1660–1699 · 1700–1706 …   Wikipedia

  • Foreclosure — For Lacan s psychoanalytic process, see Foreclosure (psychoanalysis). House in Salinas, California under foreclosure, following the popping of the U.S. real estate bubble. Foreclosure is the legal process by which a mortgage lender (mortgagee),… …   Wikipedia

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