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Does North Dakota Law Allow for a Redemption Period After a Foreclosure?

Yes, a North Dakota borrower may redeem the property by paying the outstanding principal, interest, costs and fees owed on the loan. Typically, the redemption period is one year. However, that is limited in certain situation and may be limited by the terms of the original mortgage agreement.

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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.

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