Behind on your mortgage in St. Louis County? You have more time than you think
Foreclosure in Minnesota is slower than most people assume, and selling is still on the table right up until the sheriff's sale.
Minnesota foreclosure is not fast
The common route here is foreclosure by advertisement. There is a notice period, then a sheriff's sale, and then in most cases a six month redemption period after that during which you still own the home.
People assume the first letter means it is over. It is not. There is normally room to sell and walk away with your equity instead of losing it.
Selling before the sale protects your credit and your equity
If the house is worth more than you owe, that difference is yours. A completed foreclosure can take it and leave a mark that follows you for years.
Selling privately before the sheriff's sale ends the process. The loan is paid at closing and whatever is left goes to you.
If you owe more than it is worth
That is worth saying out loud on the phone. Sometimes a structured purchase with payments over time clears a balance a straight cash number cannot.
If we genuinely cannot help, we will tell you that too, and point you at the housing counselors who can.
Nobody has to know
There is no sign in the yard and no listing. One of the things we hear most often is relief that the neighbors never found out.
Wondering what we would pay for yours?
Tell us where the house is. It costs nothing and you are never obligated to take the number.
Get my cash offer