Final answer:
The period in which a mortgagor may redeem title to real estate after a foreclosure judgment is known as the redemption period. It varies depending on state laws and can range from a few weeks to several months or years.
Step-by-step explanation:
The period in which a mortgagor may redeem title to real estate after a foreclosure judgment is known as the redemption period. During this time, the mortgagor has the opportunity to repay the outstanding balance plus any additional fees or charges in order to reclaim ownership of the property.
The length of the redemption period varies depending on state laws and the specific terms of the foreclosure process. In some states, the redemption period may be as short as a few weeks, while in others it can last several months or even years.
It is important for mortgagors to be aware of their rights and obligations during the redemption period to ensure that they have the opportunity to exercise their right of redemption if they choose to do so.