Navigation:  Loan Screens > Bankruptcy and Foreclosure Screen Group > Foreclosure, Repossession and Judgment Information Screen > Notices and Sale tab > Foreclosure/Repossession field group > Pre-Sale Redemption

Entry: User, date

F/M: Yes

Mnemonic: FCPSRD

Screen: Loans > Bankruptcy and Foreclosure > Foreclosure, Repossession and Judgment Information > Notices and Sale tab

 

Use this field to indicate the final date on which the pre-sale redemption expires on the customer loan account in foreclosure, if applicable.

 

Not all states provide statutory rights of redemption for pre-sale foreclosures (also known as sheriff sale). If the loan originated in your state does allow a pre-sale redemption time period, enter the date it expires in this field.