Redemption following a statutory foreclosure is a pretty clear process: a party may pay the amount bid at foreclosure sale, plus allowable interest, costs, and recorded expenses, and save their property. Once the redemption period expires, however, all interest previously held by a mortgagor vests in the holder of the sheriff’s deed. Specifically, unless redemption is made within the statutory period, the sheriff’s “deed shall thereupon become operative, and shall vest in the grantee therein named, his heirs or assigns, all the right, title, and interest which the mortgagor had at the time of the execution of the mortgage…

The Supreme Court of the United States recently released a 6-2 opinion regarding the sufficiency of a claim based upon alleged statutory violations.