Real Estate Exam Question: Financing

Until sale is ratified by court. In Maryland, the homeowner has the right to redeem until the foreclosure sale is ratified by the court.

Financing

Maryland's right of redemption is:

6 months after sale

Until sale is ratified by court

1 year after sale

No redemption right

Explanation

In Maryland, the homeowner has the right to redeem until the foreclosure sale is ratified by the court.

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