Janessa is the owner of a parcel of land. She mortgaged a part of it to Venus who foreclosed the mortgage when Janessa defaulted on her payment. Venus later acquired that part of land during the foreclosure sale, and she subsequently sold it to Trisha. Janessa later sold the other portion to Lyka. Can Trisha claim the right of legal redemption? Why or why not?

Janessa is the owner of a parcel of land. She mortgaged a part of it to Venus who foreclosed the mortgage when Janessa defaulted on her payment. Venus later acquired that part of land during the foreclosure sale, and she subsequently sold it to Trisha. Janessa later sold the other portion to Lyka. Can Trisha claim the right of legal redemption? Why or why not?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges

Section: Chapter Questions

Problem 80P

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