How to Sell Your Foreclosure House Fast in Minnesota

If you’re facing foreclosure in Minnesota, you’re not alone—and you’re not out of options. Whether you’re behind on mortgage payments or have already received a foreclosure notice, selling your home quickly can help you avoid credit damage, stop the legal process, and possibly walk away with equity.

This guide explains how to sell your foreclosure house fast in Minnesota, even if time is limited and the property needs work.

Understanding Foreclosure in Minnesota

In Minnesota, foreclosure can occur in one of two ways:

1. Foreclosure by Advertisement (Non-Judicial)

• The most common process.
• Requires the lender to publish a notice of sale for six weeks.
• You receive a notice of default and sale.
• You have the right to reinstate the loan before the sale date.

2. Foreclosure by Action (Judicial)

• Involves the court system.
• Can take longer but still ends with a sheriff’s sale.

In either case, once the sheriff’s sale occurs, you typically have a 6-month redemption period to reclaim the property by paying off the debt.

🔔 Key Tip: The earlier you act, the more options you have.

Step 1: Know Where You Are in the Foreclosure Process

Determine if you are:

• Just behind on payments (pre-foreclosure)
• Facing a pending sheriff’s sale
• In the redemption period after the sale

Each stage affects how quickly you need to sell—and who you can sell to.

Step 2: Explore Your Options to Sell Fast

🏠 Option 1: Sell on the Open Market (If Time Allows)

If the foreclosure sale date is still weeks away:

• List your home with a Minnesota-based real estate agent
• Disclose that you’re in pre-foreclosure
• Price it competitively to attract offers quickly

Pros: Potential to get market value
Cons: Slower process, inspections, buyer delays

💰 Option 2: Sell to a Cash Home Buyer or Investor

If time is tight or the home needs repairs:

• Contact a local cash buyer or real estate investor
• These buyers purchase homes as-is, fast, and often cover closing costs
• Can close in 7–14 days, before the sheriff’s sale

Pros: Fastest option, no repairs or showings
Cons: Sale price may be below market—but saves time and stops foreclosure

Step 3: Notify Your Lender About the Pending Sale

As soon as you accept an offer, notify your lender and ask them to:

• Pause the foreclosure process
• Allow a short sale (if your home is worth less than the mortgage)

In many cases, lenders prefer a quick sale over taking possession of the property. Selling fast helps them recover their money—and helps you avoid a foreclosure on your credit report.

✅ Pro Tip: Have your agent or attorney handle negotiations with the lender for best results.

Step 4: Understand the Short Sale Process (If Needed)

If your home is worth less than what you owe, you may need to pursue a short sale:

• Requires lender approval
• Takes longer than a cash sale, but can still prevent foreclosure
• May require you to submit hardship documentation

Work with a Minnesota real estate agent experienced in short sales or a real estate attorney to navigate the process.

Step 5: Close Quickly with a Title Company or Attorney

Once you accept an offer:

• The buyer’s team will coordinate with a title company
• You’ll sign over ownership, pay off your mortgage (or negotiate the short sale terms)
• The foreclosure is avoided, and you move forward

Selling before the sheriff’s sale—or during the redemption period—stops the process and prevents long-term credit damage.

Why Selling Before Foreclosure Is a Smart Move

✅ Protect your credit score
✅ Avoid legal and court fees
✅ Control the sale and timeline
✅ Walk away with dignity—and possibly equity
✅ Stop constant calls and letters from the lender

Foreclosure can remain on your credit report for up to 7 years. A successful sale can reduce or prevent that impact entirely.

Final Thoughts

Selling a foreclosure house fast in Minnesota is absolutely possible—with the right strategy and urgency. Whether you’re early in the process or days away from a sheriff’s sale, you can still act now to protect your financial future and move on with peace of mind.

Your Quick Action Plan:

1. Understand your stage in foreclosure
2. Decide on listing vs. cash sale
3. Notify your lender and explore a short sale if needed
4. Work with experienced professionals
5. Close quickly and avoid long-term consequences