minnesota foreclosure and charge off

[Administrator]

I am a real estate agent. Im working a short sale. the first lender(wamu) I couldnt get to call me back for months. the second lender(chase) settled with me for 3k. Then finally wamu said they would settle, now the second charged off the debt and sent it to collections who said they want a full pay off.The sheriff sale is tommorrow, minnesota has a 6 months redemption period. If the home is foreclosed and the lender takes the property back deosnt the debt stay with the property and the collectors cant come back after the person?how does this all work and does anyone have any suggestions, this collector is playing hardball. I dont have to much time and the deal will blow then its dead.thanks for your help.

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(Source: mortgagefit.com)