In Minnesota Chapter 7 Bankruptcy laws, a debtor has more rights to protect their property than under Minnesota Foreclosures procedure. Assuming a foreclosure already exists on the home, the first step to take is to consult a lawyer and obtain some advice. Talking to a lawyer will give you many options instead of just allowing the foreclosure to happen. It will give you the opportunity to sort out all your financial matters and decide what route you want to take. Read More >

The question is: when will speculators start playing in the market for Minnesota residential real estate. It is a question for which good arguments can be made on either side of the issue. There certainly are bargains available. That does not mean, however, that the market as it stands now is one in which can expect to quickly flip properties. Yes, it is true that there was a 12 percent decrease in the number of home foreclosures last year, but the market has been in decline since 2005 and it is too soon to say the bottom has been reached and it is up from here. Read More >

You need to prepare yourself to receive the help you need to fight Minnesota foreclosures. You must understand that you do not have unlimited time to avoid losing your home once you have received your Notice of Default. It is vital that you take action to find the assistance you need now. Read More >

Minnesota foreclosures regulations were changed in June of 2009 in an effort to reduce the impact of the recession on the state’s residential housing market. These changes gave new rights to the homeowner in a foreclosure proceeding and placed new responsibilities on lenders in the case of any abandoned properties. Homeowners involved in forced sale now have the right to have the sale postponed by 5 months. Read More >

The downturn in the American economy led to strain in every financial market. The current economic crisis began in the mortgage industry, with default payment and a surge in foreclosures. Among the hardest hit of all financial markets, the mortgage industry continues its struggle, but with some improvement. Minnesota foreclosures have been at record highs and for some would be home owners it opens the door for the opportunity to own a new home. Read More >