Even after a property goes into foreclosure status with a lender, it is still possible for the borrower to reclaim the property as long as they produce the outstanding mortgage balance and all foreclosure costs incurred to that point. In a state such as Georgia, this right is contained in the security instrument and does not extend beyond the date of the foreclosure sale. This right is referred to as:

Strategic default
Equitable redemption
Substantive default
Statutory redemption