In Illinois, the period following a judicial foreclosure sale during which the homeowner may redeem (reclaim) the property by paying off the debt is called the:

Explanation

Illinois provides a statutory right of redemption following a foreclosure sale, during which the homeowner (or other persons with interest) may redeem the property by paying the full outstanding debt plus costs. The redemption period in Illinois is typically 7 months from the date of service or 3 months from the confirmation of sale, whichever is later.