What's the difference between these two terms? In Foreclosure In foreclosure means that the house is in the process of being foreclosed. This is the time period where the seller has been notified of the start of the foreclosure process, to the sheriff sale, to the end of the redemption time period. In Minnesota, we […]

There are two types of foreclosures that are commonly used around the country, Foreclosure by Advertisement and Judicial Foreclosure. In Minnesota Foreclosure by Advertisement is the process that is usually used.

I have written previous articles defining short sales and foreclosures.  I will now compare the consequences to a homeowner of a foreclosure versus those of a successful short sale.

These days, you can't read the headlines without noticing that there are many foreclosed homes around the country.   Since it is so prevalent, we thought it would be best to offer a brief explanation of how the foreclosure process works.  First of all, a little clarification.  "In foreclosure" is the process that leads up […]