Bench & Bar of Minnesota is the official publication of the Minnesota State Bar Association.

Foreclosure Redemption

Mortgage foreclosure redemption confusion?  It’s like poker.  Lender A holds the Sheriff’s Certificate for $125,000 so that’s the opening bid.  Lender B’s Home Equity Loan is second for $50,000.  B can raise A’s bid by the amount of B’s loan (i.e., redeem), or B can fold (not redeem).  If B redeems, the bid is $175,000 to Judgment Creditor C and so on.

To bid, you must “ante” by filing evidence of the lien and Notice of Intention to Redeem with the Recorder/Registrar and delivering to the Sheriff (along with his fees) copies of those documents showing the recording data, all before the redemption period of A’s foreclosure comes to an end (Minn. Stat. §580.24).

Nathan Bissonette 

Deputy Examiner of Titles 

Ramsey County 


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