Redemption deed – this term origins from the word “redeem”, which details the act to pay back a loan together with the interest on top of it. “Redemption deed” could have two different meanings, depending of where the term has got application into:
– it could refer to a title deed for restitution purchase of a real estate, where the initial seller gives back the sale price towards the buyer, and receives again the title of property from the buyer. I.e. the situation is restored back to its primary condition.
– Redemption deed could also refer to a deed, issued against payment of taxes during a tax sale of a property forfeited for taxes.