Other Free Encyclopedias :: Law Library - American Law and Legal Information :: American Law Encyclopedia Vol 8

Redemption

The liberation of an estate in real property from a mortgage.

Redemption is the process by which land that has been mortgaged or pledged is bought back or reclaimed. It is accomplished through a payment of the debt owed or a fulfillment of the other conditions.

User Comments Add a comment…

Redlining [next] [back] Red Scare - Further Readings