Some states have enacted laws giving the borrower the right of redemption. This means that after a foreclosure sale has occurred, it is still possible for the borrower to reclaim his property. If the borrower can pay the entire overdue loan payments and the fees, he can keep his property, provided he can do so in a specific amount of time.

Approximately half of the states have redemption periods. Some redemption periods are up to one year after the foreclosure.