The Equity of Redemption is a legal concept in real estate that allows mortgagors to reclaim their foreclosed properties by paying off the outstanding mortgage debt and associated fees before the foreclosure sale is finalized.
A Writ of Ejectment is a legal order issued by a court to repossess property from someone who is occupying it unlawfully. This document empowers law enforcement to remove said occupant and restore possession to the rightful owner.
