I dont think they can take it away from you at redemption period. They should allow you for a 60 day waiting period. Not sure who to contact about this maybe someone can asnwer that. By the way what company is the website that tooked you domain name.
Hmm, I can't seem to find any hint whatsoever what their "grace period" is. Then
again, they can always reduce it or even do away with it as they see fit.
I did find in sec. 6.3 of their registration agreement they can "choose to transfer
the ownership of the Order to any third party in their sole discretion". Probably
means they can try to auction the expired domain name to an interested party or
pull the plug if they haven't found one by then, which is something many registrars
are doing nowadays anyway.
So the answer's yes, it's definitely possible. Just confirming what DirectI's support
told you already.
All the more reason why you have to stay on top of your domain name renewals.