; ; You must also receive the lender’s permission if you intend to conduct a short sale, which would generate proceeds that are less than what you owe on the property. ; ; Subject to the laws of your state, the pre-foreclosure equitable right of redemption gives you the right to sell your home before your lender sells it at a foreclosure auction. ; ; The post-foreclosure statutory right of redemption grants you the right to redeem your home after a foreclosure. Applicable periods and other specifics vary by state.
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