What Is a Redemption Period?
A redemption period is the window of time during which an owner can reclaim property by paying what is owed before ownership is permanently lost to a foreclosure or tax sale. The length and even the existence of a redemption period vary significantly from state to state.
Florida's Approach to Mortgage Foreclosure
Florida does not give homeowners a lengthy post-sale redemption period the way some states do. Under § 45.0315, Florida Statutes, the borrower's right of redemption continues only until the later of the clerk filing the certificate of sale or the time set in the foreclosure judgment. Once the certificate of sale is filed, the right to redeem is cut off — there is generally no additional period to buy the property back after the foreclosure auction.
Tax Deed Redemption
- When property taxes go unpaid, a tax certificate is sold against the property
- The owner may redeem by paying the delinquent taxes, interest, and costs
- That right continues until a tax deed is issued and the property is sold
Related Terms
- Redemption Rights — The underlying right exercised during this period
- Foreclosure — Where the period is most relevant
- Tax Deed — Issued once tax redemption ends
Barnes Walker Real Estate
Barnes Walker's attorneys advise Florida owners and lenders on foreclosure timelines, redemption, and tax-deed matters. Request a legal inquiry for assistance.
Florida Law Reference
Fla. Stat. § 45.0315
The right of redemption in a Florida mortgage foreclosure continues only until the later of the clerk filing the certificate of sale or the time specified in the foreclosure judgment.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC