Purchase/Assignment Junior Deed of Trust for Redemption Rights After Foreclosure Sale

[John Smith]

Situation:

A property just sold at foreclosure auction via foreclosure of the senior deed of trust, previously the property was in foreclosure as the second deed of trust was in default but that was withdrawn and then the senior deed of trust foreclosure and sale followed.  The junior deed of trust has an outstanding balance of ~$700k (will be wiped out via the foreclosure) and there aren’t any overbid funds for the holder of the junior deed of trust.

Question:

Now that the auction sale has occurred, is it possible for the holder of the junior deed of trust to sell / assign / grant the junior deed of trust so the redemption rights can be exercised to purchase the property?  We’re interested in purchasing the property and want to acquire the redemption rights by purchase/assignment of the junior deed of trust.

[Wayne Brooks]

Quote from @John Smith:

State is Colorado - we have no owner right to redemption here anymore (post 2008).  We were late to the initial auction and wondering if there's a path to purchasing the junior deed of trust and redeeming from there?  

It's a higher value property and still a good amount of equity left on the table.

In no state that I know of, does the second mtg holder have any redemption rights after a first mtg foreclosure.