Escrow & Title
A Connecticut property under a foreclosure action has a 'right of redemption' period. This allows the borrower to:
APurchase a different property
BPay off the debt and reclaim the property before the foreclosure is finalized✓ Correct
CReduce the outstanding mortgage balance
DTransfer the property to a relative
Explanation
The right of redemption allows a mortgagor to prevent or reverse a foreclosure by paying the full amount owed (plus costs) before the law day (strict foreclosure) or the foreclosure sale is finalized.
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