Finance
Vermont does NOT have which of the following, making it one of the more borrower-friendly states for mortgage lending?
AHomestead protection
BA statutory right of redemption after foreclosure✓ Correct
CTransfer taxes on real estate
DRecording requirements for mortgages
Explanation
Vermont does not have a statutory right of redemption after foreclosure (unlike some other states), which means once the foreclosure process is complete, the borrower cannot reclaim the property by paying the debt. Vermont uses judicial foreclosure.
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