P.3d 985. “[T]he commonly stated purposes of statutory redemption are to encourage full value bidding at foreclosure sales and to protect mortgagors.” HSBC Bank, 2005-NMCA-138, ¶ 7, 138 N.M. 665, 125 P.3d 644; Brown v. Trujillo, 2004-NMCA-040, ¶ 27, 135 N.M. 365, 88 P.3d 881 (stating that redemption statutes protect the debtor because they “may increase the price of property at a foreclosure sale by creating the risk that a debtor will easily redeem his or her property from a purchaser who bids too low”). But see W. Bank of Las Cruces v. Ma n creditors can redeem or have redeemed, but do not expressly indicate that the holders of the junior mortgage or judgment lien foreclosed their liens against the debtor’s property. See HSBC Bank, 2005-NMCA-138, ¶¶ 2, 4, 138 N.M. 665, 125 P.3d 644 (<HOLDING>); Malooly, 119 N.M. at 747, 895 P.2d at 269
holding that an assignee of a debt can step into the shoes of the original creditor for purpose of  523a2a holding that the redemption price was based on the amount bid at foreclosure  and not  what the subsequent purchaser paid  for the property recognizing that the right of redemption is one of the most important rights provided by the states to owners of real property holding that the right of redemption is treated the same whether in a mortgage or security deed holding that an assignee of the lien creditor who petitioned for certification of redemption had priority over an assignee of the former defendant owner based on a firstintime filing of the redemption petition