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The possiblity of undoing the foreclosure action exists.

Posted by Reinstatement Services, Inc. on April 22, 2003 at 7:37 AM

In Reply to: redemption in ca posted by RODEL on April 21, 2003 at 8:33 AM

Based on the information you've provided, you might consider petitioning your lender to overturn the foreclosure action and reinstate the loan.

If there is no third party involvement and if your lender has become the legal owner of the property then the odds increase dramatically in your favor with regards to how successful you might be in getting your lender to agree to rescind the foreclosure action and reinstate your loan.

In California, redemption periods only apply to judicially processed foreclosure actions [a rarity in this state].


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