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C.W. Franklin & Mike Stites Attorneys At Law
The Freedom Law Firm, P.A.
151 East Washington Street Penthouse 3B
Orlando, Florida 32801
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Right of Redemption
The right of redemption is the right of a debtor, whose property has been foreclosed upon and sold, to reclaim that property if they are able to come up with the money to repay the amount of the debt. In other words, the right of redemption is simply the right of the foreclosed homeowner to buy the home back from the person who bought it at foreclosure.
Florida law provides a right of redemption in which a foreclosed homeowner can redeem the property and avoid losing the home. If foreclosure redemption is applicable, the foreclosed homeowner must pay the “redemption price”, generally the outstanding balance on the mortgage, as well as any and all costs incurred during the foreclosure process before reclaiming the property. If you want to exercise your right of redemption in Florida to get your home back, you must pay off all that is owed in full.
In most states, there’s usually a defined window of time in which a homeowner can
buy their home back after it’s sold. However, Florida has no after-
Your right of redemption is best acted upon with the counsel of an experienced Orlando
foreclosure defense attorney. Call 407-