What is a post-foreclosure redemption period?

A post-foreclosure redemption period is a period of time after a foreclosure sale has taken place during which the original homeowner has the right to reclaim their property by paying the full balance of the loan, plus interest, accrued costs, and any other fees or expenses that may be due. In New Hampshire, the post-foreclosure redemption period is 6 months from the date of the foreclosure sale. During this 6-month period, the original homeowner can reclaim their property by paying their lender the full balance of the loan, plus interest, accrued costs, and any other fees or expenses that are due. If the original homeowner does not reclaim the property during the 6-month redemption period, they will lose the right to reclaim the property after the redemption period is over. It is important to note that the post-foreclosure redemption period is not intended to allow homeowners an opportunity to keep their property without paying the full balance of the loan, accrued costs, and any other fees or expenses due. The post-foreclosure redemption period is only meant to provide an opportunity for the original homeowner to reclaim their property if they are able to make the payment required to do so.

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What is a post-foreclosure redemption period?

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