Finance
Tennessee law provides homeowners with a right of redemption after a residential foreclosure for a period of:
A6 months
B1 year
C2 years✓ Correct
DThere is no statutory right of redemption in Tennessee
Explanation
Tennessee provides a 2-year statutory right of redemption for residential properties after a foreclosure sale. This allows the borrower to reclaim the property by paying the foreclosure sale price plus interest and costs.
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