Minnesota Foreclosures - 8,957 Foreclosure Listings

Foreclosure Homes in Minnesota

There are currently foreclosed homes listed in Minnesota. Why should you consider buying a foreclosure property in Minnesota? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Minnesota when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Minnesota, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Minnesota that you want to look for a property below. Then search through all distressed real estate listings in Minnesota for the amazing deal that’s right for you.

Minnesota Foreclosure Laws

Minnesota allows both judicial and nonjudicial foreclosure, but nonjudicial foreclosure by advertisement is common. Many loans are secured by mortgages with power-of-sale terms. The overall process usually takes a few months depending on notice periods and sale scheduling. Borrowers often have a redemption period after the sale, and deficiency judgments may be possible in some situations.

Foreclosure Type Process

Non-Judicial (Judicial allowed)
Mortgage Instrument Security Type

Mortgage. Foreclosure by advertisement is common.
Typical Timeline Duration

3-6 months typical
Deficiency Judgment

Deficiency limited to difference between debt and fair market value
Redemption Period Owner Rights

Redemption usually 6-12 months.
Process Summary

Minnesota primarily uses nonjudicial foreclosure by advertisement. Notice is required, and borrowers generally have redemption rights after the sale.
Notice / Timing Statute

Minnesota Statute § 580.01 et seq. (foreclosure by advertisement)
Redemption Statute(s)

Minnesota Statute § 580.23 (redemption period 6 months or 12 months)
Deficiency Statute(s)

Minnesota Statute § 582.30 (deficiency based on fair market value)

How to Buy a Foreclosure in Minnesota

In Minnesota, locate foreclosure properties through sheriff' sales, MLS, and public notices. Minnesota' foreclosure process can be judicial or non-judicial; confirm which applies. Ensure financing or proof of funds is ready. Conduct title and property condition due diligence. Attend the sale and complete the purchase under state requirements.

What type of foreclosure is used in Minnesota?

The type of foreclosure in Minnesota is Non-Judicial (Judicial allowed)

Is there a redemption period in Minnesota?

Redemption usually 6-12 months.

Are deficiency judgments allowed in Minnesota?

Deficiency limited to difference between debt and fair market value in Minnesota

How do you buy a foreclosure in Minnesota?

In Minnesota, locate foreclosure properties through sheriff' sales, MLS, and public notices.