Behind on your mortgage? Understand your options and your timeline.
Foreclosure notices are confusing, and the dates matter. In Minnesota, most foreclosures are a sheriff's sale by advertisement, and after the sale most homeowners have about six months to redeem. We'll sit down with you, listen, and walk through where things stand, in plain language and with no pressure.
Free. No obligation. You decide what, if anything, happens next.
The Minnesota foreclosure timeline at a glance
General information about the most common process in Minnesota (foreclosure by advertisement). Your own dates and rights depend on your loan and your case.
- 1
Missed payments & default notice
Your servicer contacts you about the missed payments. Before a foreclosure is started, Minnesota law requires the lender to tell you that free foreclosure-prevention counseling is available.
- 2
Notice of sale
The sale is published for six weeks, and the notice must be served on the occupant at least four weeks before the sheriff's sale. It comes with a "Help for Homeowners in Foreclosure" notice showing the amount needed to bring the loan current.
- 3
Before the sheriff's sale
You can generally reinstate the mortgage by paying the past-due amount plus allowed costs. You can also apply to your servicer for help such as a loan modification. In Minnesota, a complete application received in time can pause the sale while it's reviewed.
- 4
Sheriff's sale
If nothing is resolved, the county sheriff holds a public sale of the property.
- 5
Redemption period — usually 6 months
After the sale, most Minnesota homeowners have a redemption period, typically six months. In some cases it's 12 months, and it can be as short as 5 weeks (for example, if the sale was postponed or the home is abandoned). You can usually stay in the home during this time, and you may refinance, redeem, or sell.
Check your own paperwork. The exact amounts and deadlines are on the notices you received. Sources include Minn. Stat. 580.03, 580.23, 580.30 and the Minnesota Attorney General's guide, Facing Mortgage Foreclosure.
We also work with homeowners in Florida, Ohio and Illinois. Use the state selector at the top for that state's timeline.
You may have more options than you think
Every situation is different. These are common paths homeowners look into. The right one depends on your income, your equity and how much time you have.
What a conversation with us looks like
No scripts and no pressure. Just an honest look at where you stand.
Reach out
Call, or send the short form below. Share whatever you're comfortable with, including your sale date if you know it.
We listen
We go through your notices and dates with you and point you to free counseling resources. Then we talk about which options may fit your situation.
You decide
Take your time and talk it over with family, a counselor or an attorney. If selling turns out to be your best fit, we can talk about that too. If it isn't, that's completely fine.
A straight answer about who we are
Sunrise Properties Twin Cities is a real estate investment business serving homeowners in Minnesota, Florida, Ohio and Illinois. We want to be upfront about what that means:
- We buy homes. If selling is the right fit for you, one possible outcome of talking with us is an offer from us to buy your home. You are never obligated to sell to us.
- We don't charge homeowners any fee. That includes our conversations and information.
- We are not attorneys, lenders, housing counselors or a government agency, and we are not affiliated with HUD or your lender.
- We don't negotiate with your lender for you, arrange loan modifications, or promise to stop or postpone a foreclosure. Free HUD-approved counselors can help with those.
- We don't do "sign over your deed and rent it back" arrangements.
Free, independent help
Before you make any decision, we encourage you to talk to a free, nonprofit housing counselor:
- Find a HUD-approved housing counselor: consumerfinance.gov/find-a-housing-counselor
- Minnesota Homeownership Center: (866) 462-6466 · hocmn.org
Where we work
Not sure if we cover your area? Reach out and ask.
Minnesota
Minneapolis, St. Paul and the greater Twin Cities area
Florida
Homeowners across the state of Florida
Ohio
Homeowners across the state of Ohio
Illinois
Homeowners across the state of Illinois
Request a free conversation
Tell us a little about where things stand and we'll reach out. Prefer to talk? Call 651-315-4964.