Attorneys

Minnesota Foreclosure FAQs

• Q: Does Minnesota Law Allow for a Redemption Period After a Foreclosure?
  A: Yes, Minnesota provides borrowers with a statutory right of redemption. The redemption period ranges from only five weeks in cases where the borrower has … More
• Q: Where and When do Foreclosure Sales Take Place in Minnesota?
  A: In Minnesota, a foreclosure sale must take place between the hours of 9 am and sundown at a public place. Since the sheriff conduct the foreclosure sale, the … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in Minnesota?
  A: If a power of sale is included in the mortgage agreement then a Minnesota lender may initiate a foreclosure sale. Sometimes the mortgage agreement sets forth the … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Minnesota?
  A: Yes, a lender may recover from a deficiency judgment from a borrower. All amounts previously paid on the mortgage and the amount earned from the foreclosure sale … More
• Q: How Can a Lender Foreclose on a Property in Minnesota?
  A: If a Minnesota mortgage contains a power of sale clause then the lender may begin foreclosure proceedings without judicial involvement. The lender must follow … More
• Q: How Long Does the Typical Foreclosure Process Take in Minnesota?
  A: In a simple foreclosure that is uncontested by the borrower and occurs outside of the judicial system, a foreclosure can occur in just 60 -90 days in … More
• Q: Can I Keep My Home If I File Bankruptcy in Minnesota?
  A: Minnesota homeowners are entitled to a generous homestead exemption if they file for bankruptcy. Most homeowners are entitled to an exemption of $300,000 and if … More

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