All the ones I have seen and (purchased) on the courthouse steps have the

sheriff selling the mortgage.  If the borrower comes up with the money during

the redemption period, you get it and interest back, and the person redeeming

the mtg. owns the property.   The buyer on the CH steps only gets the

property a day after the redemption period has passed.

If a second mtg holder doesn't out bid the first mtg holder at the CH

steps, they loose everthing.