Baker, Matthew J. (contributor); … - 2004
Department of Economics Working Paper Series
An Economic Theory of Mortgage Redemption Laws
Matthew J. Baker
U.S. Naval … Mortgage Redemption Laws
I. Introduction
Mortgage redemption laws, which grant a defaulting mortgagor a grace period to
redeem … the mortgaged property, are as ancient as the mortgage itself. For example, it is
decreed in Leviticus 25:29-30 that:
If a …