Finance
The right of redemption in Missouri allows a borrower to:
AExtend the loan term without penalty
BReclaim the property by paying the debt, costs, and interest before or after foreclosure sale✓ Correct
CTransfer the loan to another borrower
DSue the lender for damages
Explanation
Missouri borrowers have a right of redemption (equitable or statutory) to reclaim their property by paying off the debt. Missouri law allows a period to cure the default before the foreclosure sale.
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