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Real estate sold for debt shall be redeemable at any time within two (2) years after such sale: Where it is sold under execution; If the property is not abandoned and more than two-thirds of the original mortgage is still owed, redemption allowed for six months.Granting of judgment and decree occurs not less than 30 days af-. The debtor must tender the amount necessary to cure the default at least five (5) business days prior to the date of the foreclosure sale. The right of redemption is a borrower's right to reclaim their property after it's been sold at auction or via foreclosure. In the case of strict forelcosure, the decree is nisi and the foreclosure is not complete until lapse of the time reserved for re-. The judgment and decree of foreclosure previously entered herein will be vacated; d. In a judicial foreclosure, you also have the "right of redemption. " That means you can repurchase your home from whoever bought it at auction. Many times, the lender is the only party that can bid on the foreclosed property.