Does Tennessee Law Allow for a Redemption Period After a Foreclosure?
Yes, there is a right of redemption for Tennessee borrowers whose property has been foreclosed. The time for redemption can be as long as two years but may be shortened depending on the circumstances of the foreclosure. The redemption period may also be waived in the mortgage documents.
Additional Foreclosure Articles
- Where and When do Foreclosure Sales Take Place in Tennessee?
- What Public Notice Requirements are There for a Real Estate Foreclosure in Tennessee?
- Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Tennessee?
- How Can a Lender Foreclose on a Property in Tennessee?
- How Long Does the Typical Foreclosure Process Take in Tennessee?
- Can I Keep My Home If I File Bankruptcy in Tennessee?
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