Question about sheriff sale

[Rob M.]

Hello

I live in Michigan and have recently purchased a house, which I intend to live in, at a sheriff's sale. Since you seem to have experience in doing this I was wondering if maybe you could answer a few questions for me. I would really appreciate it. The home I purchased had two mortgages on it with two different lenders, both of which were foreclosed. The sheriff sale was for the first mortgage and the lender put in their bid amount and I bid higher and received a sheriff's deed. I know there is a six month redemption period in Michigan, which I do not want to wait for the pass and I fear the house may be torn to shreds by that time. I contacted the current owner who is still living in the home and offered her 5k to sign a quick claim deed and vacate the premises, to which they agreed. The sale went over the first lenders opening bid by 26k. I assume that the 26k will go to the second lender as there are no back taxes or any other liens on the property.

1. By her signing the quick claim deed will that end the redemption period?

2. The second lender did not attend the sheriff sale nor bid on it. Can they still claim the property during the 6 month redemption period?

3. Can the second mortgage do anything at this point to stop me from taking possession?