In our recent article: “The Equity of Redemption,” we discussed, not surprisingly, the equity of redemption -- a homeowner’s right to tender to a foreclosing lender the full amount due on a defaulted loan at any time before the foreclosure sale.

In general, statutes of limitation govern the time in which a cause of action must be interposed after accrual.

In prior BLOG articles, we discussed the court’s power to toll the accrual of interest in mortgage foreclosure actions.