by Ethan Atkinson | May 15, 2026 | A-E, PropertyPedia
Equitable redemption is a borrower’s legal right to prevent a foreclosure sale by paying the full amount owed on a mortgage loan, including principal, interest, fees, and allowable foreclosure costs, before the foreclosure sale is completed. This right arises from...
by Ethan Atkinson | May 15, 2026 | P-T, PropertyPedia
Statutory redemption is a legal right provided under the laws of certain states that allows a borrower whose property has been foreclosed upon to reclaim the property by paying the required amount within a specified period after the foreclosure sale. The redemption...
by Ethan Atkinson | May 15, 2026 | A-E, PropertyPedia
Combined Loan-to-Value (“CLTV”) is a mortgage lending ratio used to measure the total amount of debt secured by a property compared to the property’s appraised value or purchase price, whichever is lower. Unlike the standard Loan-to-Value (“LTV”) ratio, which...
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
The Mortgage Assistance Relief Services (“MARS”) Rule, also known as Regulation O, is a federal consumer protection regulation issued by the Federal Trade Commission (“FTC”) to address deceptive and abusive practices involving mortgage relief and foreclosure rescue...
by Ethan Atkinson | May 15, 2026 | F-J, PropertyPedia
The Homeowners Protection Act (“HPA”), also known as the Private Mortgage Insurance Cancellation Act of 1998, is a federal law that establishes rules for the cancellation and termination of private mortgage insurance (“PMI”) on certain residential mortgage loans. PMI...
