Definitions for "Right of Redemption"
The right to recover property that has been attached by paying off the debt .
The right of a property owner to redeem his/her real estate from foreclosure or tax sale either by paying off the amount owed.
In mortgage foreclosures, the right of the mortgagor to redeem his or her property for six months after the foreclosure sale by paying off the debts and costs of the foreclosure.
Keywords:  rescission
Right of Rescission