Redemption period
The window during which the property owner (or another interested party, like a lender) can pay off the debt and cancel the sale. Length varies enormously by state — from a few months to several years.
See how this plays out in a specific state: browse all 50 states, or check the full glossary for related terms.
General definition — exact terminology and mechanics vary by state and county. Always confirm against the specific county's own auction notice before bidding.