Hennepin County Sheriff’s Foreclosures

Despite increases in home prices and a stabilizing housing market, many experts say the foreclosure crisis is far from over. Note: Before the foreclosure process begins, the lender or loan servicer may send you letters (over the course of several months) demanding payment. Note: If you have moved into your home after the foreclosure action was started, the lender does not need to serve you with court papers.foreclosure

Even though you may have cured your default or the foreclosure action has otherwise been withdrawn, the records remain permanently available to the public for viewing. When you purchase property at a foreclosure sale, all junior liens other than property taxes are wiped out.foreclosureforeclosure

Properties that do not sell at a tax sale become part of the resale inventory offered by the Travis County Tax Office and are for sale at any time. The former purchaser will be held responsible for all costs and expenses incurred for the prior sale. Bring a photo identification and a bidder’s statement valid for the date of the sale.

If you are an occupant of a foreclosed property where the new owner filed an eviction case, talk to a lawyer or call the Tenant Foreclosure Hotline at 1-888-495-8020 to learn about your rights. It is recommended that you refer to our Website prior to attending our auction to determine the status of the case.

This typically occurs because many of the properties up for sale at foreclosure auctions are worth less than the total amount owed to the bank or lender. A short sale occurs when you sell your home for less than the balance remaining on your mortgage. If a payment is not made after a certain time period, the mortgage property is then sold through an auction to the highest bidder, carried out by a local court or sheriff’s office.

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