§ 1352. Judgment foreclosing right of redemption. Where real property
has been sold pursuant to a judgment in an action to foreclose a
mortgage, and an action is thereafter brought to foreclose or extinguish
a right of redemption in such real property, the judgment, instead of
directing a sale of the property, shall fix the right of any person
having a right of redemption therein or the right to foreclose a
subordinate mortgage or other lien and shall provide that a failure to
redeem or commence an action for the foreclosure of such mortgage or
other lien within such time shall preclude such person having a right of
redemption or the holder of such mortgage or other lien from redeeming
such property or foreclosing such mortgage or other lien, and thereafter
such person having a right of redemption or the holder of such mortgage
or other lien shall be excluded from claiming any title or interest in
such property and all title or interests of such person having a right
of redemption in, or the right to foreclose a subordinate mortgage or
other lien against such property shall thereby be extinguished and
terminated.