FORECLOSURE ADJOURNMENTS: Defendants are entitled to two (2) statutory adjournments. If an Order for Conduct of Sale is issued by a court, you will have to move out by the Possession Date stated in the order. The goal of combing through foreclosure listings is not to find a house; it’s to find an agent. A conventional mortgage will be limited by the appraised value of the property; this can be problematic for foreclosed homes as the state of disrepair can lead to extremely low valuations.
During the 21-day period after the Notice of Sale is recorded, any person or institution (like a bank) with an interest in your home has the right to redeem the home up until the nonjudicial foreclosure sale/auction. The Hennepin County Sheriff’s Office does not have a list of scheduled foreclosure sales.
There have been instances where homeowners have had their homes sold at foreclosure while …