Redemption of mortgages

Article 938 – Redemption of mortgages - Anyone who acquired one mortgaged property, and desires to have redemption of the mortgage or mortgages, may achieve the purpose, in any of the following manner: 1. By paying fully to the mortgage creditors the debts, for which the aforesaid property was mortgaged; 2. By depositing the price of the auction of the said property, when acquisition of the same has been made in public auction; 3. By declaring in the Court that he is ready to give to the creditors, for payment of the debts, the amount upto which he got the property or the sum which he estimates, where the acquisition has not been made for consideration.

§ Sole paragraph - The provisions of the article are applicable to case foreseen in article 1484, paragraph 1.