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Even after a foreclosure judgment, the mortgagor invoked the equity of redemption to reclaim the property by paying the overdue balance within a reasonable time.
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Even after a foreclosure judgment, the mortgagor invoked the equity of redemption to reclaim the property by paying the overdue balance within a reasonable time.
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Related words
equity of redemption
Noun
uncountable
Japanese Meaning
法的に、抵当権が行使され、一定または合理的な期間内に、担保権者（借主）が不動産を再取得できる有利な権利。つまり、抵当権が実行される前に、債務不履行による法的没収に対抗して、設定された一定期間内に元の状態に戻す権利。
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