EQUITY OF REDEMPTION is the right a borrower has to pay out in full a mortgage against a property that has gone into foreclosure or power of sale proceedings, thus redeeming the property.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). equity of redemption. Retrieved September 22, 2026, from http://smartdefine.org/equity_of_redemption/definitions/1153077 |
| Chicago | Barry Goldsmith. 2010. "equity of redemption" http://smartdefine.org/equity_of_redemption/definitions/1153077 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, equity of redemption, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/equity_of_redemption/definitions/1153077>. |
| MLA | Barry Goldsmith. "equity of redemption" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/equity_of_redemption/definitions/1153077> |