Finance
The right of redemption allows a defaulted borrower to reclaim their property by:
AFiling for bankruptcy before foreclosure
BPaying the full amount owed before (or in some states after) a foreclosure sale✓ Correct
CNegotiating a lower payoff with the lender
DFiling a quiet title action
Explanation
The right of redemption (equity of redemption before sale, statutory redemption after sale in some states) allows a defaulted borrower to reclaim the property by paying the full debt owed.
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