Homeowners Facing Foreclosure Can Delay Sheriff’s Sale for Five Months
A little known Minnesota law allows homeowners facing foreclosure to petition for a five-month delay of the sheriff’s sale — a period of time during which they have more leverage than after the sale. The Minnesota legislature passed this law two years ago, but it is not widely known, and banks rarely notify embattled homeowners of this right.
On May 7, Twin Cities faith leaders gathered in front of US Bank headquarters in Minneapolis to speak about how practices by Wall Street and major banks violate their shared faith values. Meanwhile, a coalition of community activists announced an educational anti-foreclosure campaign. Following the rally, organizers from Neighborhoods Organizing for Change and Jewish Community Action trained over 30 volunteers to educate homeowners about the law that allows them to delay a sheriff’s sale. The volunteers contacted 300 homeowners in the Twin Cites who are battling US Bank and Wells Fargo in an attempt to avoid foreclosure. … Continue Reading












