Pursuant to Minnesota Statutes, most properties sold in a Mortgage Foreclosure action can be redeemed by the mortgagor. The published Notice of Mortgage Foreclosure Sale usually contains a paragraph indicating the length of the redemption period. In most cases, this is six months. Minnesota Statutes Chapters 580 – 582 regulate these redemption's. However, some Mortgage Foreclosures are subject to federal regulations, in which case there is no redemption period.
A Certificate of Redemption can be obtained from the Sheriff’s Office of the county in which the foreclosure occurred or from the Mortgagee (lending institution).
Redemption by Mortgagor (Recorded Fee Owner)
If a mortgagor wishes to obtain a Certificate of Redemption from the Sheriff’s Office, they should call 763-682-7646 or 763-682-7647 and request a Redemption Payoff. It is imperative that you contact our Office at least 7-business days prior to the anticipated redemption to confirm your intent to redeem and to obtain updated payoff information. This additional time is required for research of the recorded documents and preparation of the certificate. It will also allow time to contact the redeeming party if additional data or documents are required.
The amount of the redemption is determined by the following:
Amount bid at the foreclosure sale
Interest accruing from the date of sale to the date of redemption. (This is
computed at the rate of interest on the mortgage.)
Additional amounts paid by the purchaser at the foreclosure sale. (These
amounts may include insurance, taxes, assessments, etc.) The purchaser must
present an Affidavit of additional amount of redemption to the Sheriff and
record it with the County Recorder/Register of Titles within the listed
redemption period in order to collect those amounts as part of the