Franklin v. Spencer

After foreclosure of a mortgage, after sale of the mortgaged property at a sheriffs sale, and during the time within which redemption could be made, the plaintiffs herein purchased the mortgagor’s right to redeem the foreclosed property, and thereafter redeemed. The main issue is: If a mortgagor, after foreclosure and sale, but during the time within which the mortgagor can redeem, assigns the right to redeem and the assignee redeems, are liens arising from unsatisfied judgments against the mortgagor/assignor, judgments that existed before the foreclosure decree and sale, “reinstated” 1 as to…