Even After a Property Goes into Foreclosure, It Is Still

Multiple Choice

Even after a property goes into foreclosure, it is still possible for the borrower to reclaim the property as long as they produce the outstanding mortgage balance and all foreclosure costs incurred to that point. In a state such as Florida, this right may even extend beyond the date of the foreclosure sale. When this occurs, this right is more commonly referred to as:

A) Equity of redemption
B) Statutory redemption
C) Strategic default
D) Substantive default