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Terms Used In 7 Guam Code Ann. § 23124

  • Lien: A claim against real or personal property in satisfaction of a debt.
The judgment debtor, or redemptioner, may redeem the property from the purchaser any time within twelve (12) months after the sale on paying the purchaser the amount of purchase, with one percent (1%) per month thereon in addition, up to the time of redemption, together with the amount of any assessment or taxes and any reasonable sum for insurance, maintenance, upkeep, repair or rehabilitation or improvements upon the property, and any amount necessarily paid for land rental if a leasehold interest was purchased, which the purchaser may have paid thereon after purchase, and interest on such amount, and if the purchaser be also a creditor, having a prior lien to that of the redemptioner, other than the judgment under which said purchase was made, the amount of such lien with interest.

SOURCE: CCP § 702.

COMMENT: The Guam CCP has copied the California CCP as far as substance is concerned. The Guam CCP left out the procedural matters contained in California CCP § 702.