Re: foreclosure timeline

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Posted by Jim V on November 29, 2004 at 12:27:55:

In Reply to: foreclosure timeline posted by Rod on November 28, 2004 at 09:43:08:

: Can someone please tell me what the time period from notification of intent to foreclose to the time one would have to vacate. This is in the state of Minnesota.

MN requires publication of the notice for 6 weeks prior to the sale and service of the notice to the occupants of the property 4 weeks prior to the sale. After the sale, most loans will have a six month redemption period where the home can be sold or refinanced. 7-12 months is a likely time period.

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Comments:
: : Can someone please tell me what the time period from notification of intent to foreclose to the time one would have to vacate.  This is in the state of Minnesota.

: MN requires publication of the notice for 6 weeks prior to the sale and service of the notice to the occupants of the property 4 weeks prior to the sale.  After the sale, most loans will have a six month redemption period where the home can be sold or refinanced.  7-12 months is a likely time period.


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