When the Creditor Refuses Redemption

If the seller (debtor) intends to redeem the property within the redemption period, but the creditor (lender) refuses to accept repayment or deliberately avoids receiving it.

the seller may take the following actions:

1.Deposit the redemption amount with the Official Receiver’s Office of the Legal Execution Department, which will be deemed as the seller having exercised their right of redemption.

2.Notify the creditor in writing to formally express the intention to redeem.

3.If the creditor continues to dispute or reject the redemption, the seller must file a lawsuit with the court to seek a judgment recognizing the redemption as legally valid.

Legal Considerations Sale with right of redemption involving land is legally complex, often relating to ownership rights and property transfers. If you are a seller facing difficulties or are uncertain about the next steps, Alpha Lawyers is ready to provide legal consultation, review your documents, and take necessary legal actions to protect your rights.