Getting Your Home Back After Foreclosure
In most states, you can get your home back after foreclosure within a certain period of time. This is called the right of redemption. In order to reedem your home, you usually must reimburse the person who bought the home at the foreclosure sale for the full purchase price, plus other costs. Below you can learn more about redeeming your house, condo, or other property after foreclosure. You can also read about the particular redemption requirements in your state.
Here are guides to getting your home back after foreclosure in several select states.
Getting Your Home Back After Foreclosure by State
Here are guides to getting your home back after foreclosure in several select states.
When available, the right of redemption allows you to get your home back after a foreclosure.
If you buy a foreclosed home, the former owners might be able to redeem (repurchase) the property. But redemption rarely happens.
Question I’ve been renting an apartment in Grand Rapids, Michigan, for ten years. My landlord drastically increased my rent so I’m trying to find a house to buy.
Buyers of foreclosure homes in California face a minor risk that the former owners will pay off the debt and reclaim the property.
If you buy a foreclosed house in Alabama, the former owners get a redemption period during which they can pay you the purchase price and get the home back.
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