Finance
Iowa's redemption period after a judicial foreclosure sheriff's sale allows the defaulting borrower to:
ARemain in the property indefinitely
BRedeem (repurchase) the property by paying the foreclosure judgment plus costs within the statutory period✓ Correct
CFile a new purchase agreement for the property
DChallenge the foreclosure only in federal court
Explanation
Iowa law provides a statutory redemption period (generally up to 1 year depending on circumstances) after the sheriff's sale, during which the mortgagor may redeem the property by paying the full judgment amount plus costs and interest.
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