After foreclosure sale, the borrower may have which right?

• A. Immediate eviction
• B. Statutory period of redemption
• C. Right to reclaim property for free
• D. No rights

Answer: (B)

After foreclosure, many jurisdictions allow a statutory period of redemption—the borrower can reclaim the property by paying the full debt, plus interest and costs, within a set period after the sale. This provides a window to cure the default and keep the home if the borrower can come up with the money. The exact duration varies by state, but the concept is that a right to redeem exists post-sale. If redemption occurs, the sale is undone and ownership returns to the borrower; if not, the purchaser’s title stands after the period ends and eviction proceeds as allowed by law. The other options don’t fit because there isn’t an automatic immediate eviction guaranteed, no rights, or a free reclaim to revert ownership without paying what’s due.