Redemption Rights, Power of Sale, and Credit Bids

Mortgage-distress terms covering lender credit bids, power-of-sale rights, and borrower redemption periods.

These pages group related mortgage and real estate finance terms for readers comparing loan structures, underwriting categories, foreclosure rights, escrow controls, property yields, and secondary-market metrics. The subsection keeps navigation focused while leaving article-level explanations in the child pages.

In this section

• Credit Bid: Definition and Explanation
  A credit bid is when a secured creditor bids up to the amount of their debt in a bankruptcy auction. This allows the creditor to purchase the asset without paying cash to the debtor.
• Power of Sale
  Mortgage or deed-of-trust clause that lets a lender or trustee sell collateral after default without a full judicial foreclosure case.
• Redemption Period
  Time window in which a borrower or former owner may still reclaim foreclosed property by paying the required amount under applicable law.
• Right of Redemption
  Borrower right to reclaim mortgaged property by paying the required amount before foreclosure sale and, in some places, for a limited time after sale.