MINNEAPOLIS - s4story -- Midwest Home Co., a Minnesota real estate advisory company, is highlighting a point that many families miss when they first open a foreclosure notice: after a sale by advertisement, most mortgagors have a redemption period in which they may still redeem the property, and in many cases may still sell it, if they can meet the statutory requirements before the deadline.

Minnesota Statutes section 580.23 generally provides a six-month redemption period after the sale. A twelve-month period applies in situations listed in the statute, including certain larger or agricultural properties and cases where the amount claimed due is less than 66-2/3 percent of the original principal amount. A court may reduce the period to five weeks for certain abandoned residential properties under section 582.032. An eligible homeowner who postpones the sale under section 580.07 generally receives a later sale date but a five-week redemption period afterward.

More on S For Story

• Business News & Info Goes Inside Paragon FX Group's Hunt for Original Film Props
• Stephen Thomas Releases Book Two In His Four Lights series - In the Day of the Lion
• Kitchen Table Economics: An Invitation to Think Differently
• New publisher Reed & Alden launches Mastery Lessons with Times Square billboard campaign
• Gabby Press Earns High Praise From BookLife For Book About the Dangers of Corporate AI

"The paperwork is frightening, and the timeline is easy to misread," a spokesperson for Midwest Home Co. said. "Families deserve a clear explanation of what the sale date does and does not mean, and they deserve to know where they can get free legal and housing-counseling help."

Homeowners should read their notices carefully and consider contacting:

- A HUD-approved housing counselor: https://www.hud.gov/findacounselor
- The Minnesota Attorney General's foreclosure guide: https://www.ag.state.mn.us/consumer/publications/facingmortgageforeclosure.asp
- The Minnesota Homeownership Center, or a licensed Minnesota attorney

Midwest Home Co. offers a free, confidential MN Foreclosure Help consultation to review options in plain language, including working with a lender or exploring a sale when that is the better path. Licensed real estate services are provided by a licensed MN REALTOR® with Real Broker, LLC. Midwest Home Co. itself is not a licensed brokerage, law firm, lender, or HUD-approved housing counseling agency.

More on S For Story

• Win a $5,000 VIP Family Experience at the 100th Thanksgiving Day Parade in New York City
• CB Stuffer Announces Private Sale to Secure Future of Brand Growth
• The Writer Who Works With Ai Around The Clock Opens His Workshop To The Public
• ReciScan Adds Website Cookbook Builder Alongside Mobile App
• Pyrrhic Press Publishing Welcomes Ten-Book Author Kiminou Knox

More information is available at https://www.midwesthomeco.com/foreclosure-help or by calling (612) 493-0060.

This is not legal advice. Midwest Home Co. is a Minnesota real estate advisory company, not a law firm, lender, or HUD-approved housing counseling agency. For legal questions, consult a licensed Minnesota attorney. Free HUD-approved foreclosure counseling is available at hud.gov/findacounselor.

Media contact:
Midwest Home Co.
info@midwesthomeco.com
(612) 493-0060
https://www.midwesthomeco.com/contact