Is there a right of redemption in mortgage law relating to mortgages?
Alberta, Canada
The following excerpt is from Halskov v. Shandruk, 1972 CanLII 220 (AB QB):
There is no question but that such a reopening procedure — really a right of redemption — is recognized in foreclosure law relating to mortgages. Ever since, and probably before, the case of Campbell v. Holyland (1877), 7 Ch. D. 166, it has been settled that there is a right in a court to permit a defendant in a mortgage action to redeem on terms even after the final order of foreclosure has been made and entered, the appeal time has expired and the title to the land has become vested in the mortgagee. Perhaps it was from this accepted legal principle that the phrase was coined, "Once a mortgage always a mortgage".
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