Faribault, MN › Foreclosure
Can I Sell My Faribault House During Foreclosure?
Our agreement of sale will often get a sheriff's sale postponed so we can close. Signing alone doesn't postpone it automatically; we use the agreement to ask for the postponement, and it works more often than people think.
Yes, you may still be able to sell before a scheduled mortgage foreclosure sale if the required payoff, title work, and closing can be completed in time. If the sheriff's sale has already happened, Minnesota redemption rules may still matter, depending on the kind of foreclosure and the property. Use the actual notice and case papers for the dates in your case.
USA Home Buyers buys houses in Faribault and Rice County. We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us. You can ask for a cash offer without fixing the house first.
Call 888-274-5006We give written cash offers in 24 hours.
Share the Faribault property address and the dates on your notice.
We'll give you a written cash offer within 24 hours.
How we help before a sheriff's sale
Tell us what is happening with the Faribault house and what date appears on the notice. We review the property as-is and give you a written cash offer and written terms before you commit. If you decide to proceed, the title company checks the title and payoff information and works through the closing steps with us.
Our agreement of sale will often get a sheriff's sale postponed so we can close. Signing alone doesn't postpone it automatically; we use the agreement to ask for the postponement, and it works more often than people think. Keep checking the current sale date with the sheriff or other office named on your notice.
Mortgage foreclosure and tax notices are different
A Minnesota mortgage foreclosure auction is a sheriff's sale. In a foreclosure by advertisement, the usual redemption period is six months after the sale, with shorter and longer periods in some cases. The statutes explain the general rules; your notice and case papers determine which dates apply to your house.
A delinquent-property-tax notice is not the same as a lender's mortgage foreclosure notice. Keep those notices and deadlines separate. This page is about mortgage foreclosure; for a tax notice, follow its instructions and contact the Rice County office named there.
If the payoff is the problem
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before.
You don't need to pay off your back taxes before we settle. We buy houses with back taxes and liens — payoffs get handled through the closing, not by you upfront. Mortgage balances, liens, back taxes, and your share of current property taxes are separate items; the title company can review the amounts that apply to the property.
What happens next
- Share the property address, condition, occupancy, and the dates on your notice by phone or through the form.
- We review the house as-is and give you a written cash offer within 24 hours.
- You can read the written terms before deciding. If you choose to move forward, a title company works through title and payoff details for closing.
- We keep any sheriff's sale date on your notice in view as the title and payoff work proceeds.
It's real estate. Sometimes there are bumps in the road. We won't disappear when that happens, and we'll be fighting to get this to the closing table.
When you sell to us, we pay the closing costs. Your mortgage payoff, liens, back taxes, and share of current property taxes are separate from closing costs.
Rice County records and tax information
For property-record context, use the official Rice County Recorder/Registrar of Titles. It is not a live mortgage-sale calendar. For property-tax information, use the county's property values and taxes page; check a specific delinquency or tax deadline with the office named on the notice.
We give written cash offers in 24 hours.
Tell us what you know about the property and the foreclosure notice.
We'll give you a written cash offer within 24 hours.
Compare possible net proceeds
Use the calculator for a planning estimate based on your assumptions. It does not determine a property-specific offer, payoff, or foreclosure deadline.
Open the Faribault home-sale net proceeds calculator →Questions about foreclosure in Faribault, MN
Can I sell my Faribault house before a mortgage foreclosure sale?
Yes, a sale may still be possible if the payoff, title review, and closing can be completed in time. Our agreement of sale will often get a sheriff's sale postponed so we can close. Signing alone doesn't postpone it automatically; we use the agreement to ask for the postponement, and it works more often than people think. Check the actual sale date and payoff with the lender, and confirm any change with the sheriff or office named on your notice.
What happens after a Minnesota mortgage foreclosure sale?
For a foreclosure by advertisement, Minnesota’s usual redemption period is six months after the sheriff’s sale, but shorter and longer periods apply in some cases. The notice, case papers, property facts, and applicable law determine the deadline for a particular house.
Is a mortgage foreclosure sale the same as a property-tax sale?
No. A mortgage foreclosure and a delinquent-property-tax matter are separate processes with separate notices and deadlines. This page covers mortgage foreclosure. Follow the dates on any tax notice and contact the county office named on it; do not use a mortgage sheriff-sale date as a tax deadline.
What if the payoff is more than my Faribault house is worth?
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before. A current payoff and title review can show how the numbers compare for your property.
Do I have to pay back taxes or liens before closing?
You don't need to pay off your back taxes before we settle. We buy houses with back taxes and liens — payoffs get handled through the closing, not by you upfront. Your mortgage payoff, liens, back taxes, and share of current property taxes are separate items to review for your property.
What happens after I contact USA Home Buyers?
We review the house as-is and give you written terms before you commit. If you choose to move forward, a title company works through title and payoff details for closing. If a sale date is on your notice, we keep that date in view as the closing steps are reviewed.
Who pays closing costs when I sell to you?
When you sell to us, we pay the closing costs. The mortgage payoff, liens, back taxes, and your share of current property taxes are separate from that promise.
What sellers say about USA Home Buyers
We give written cash offers in 24 hours.
Tell us about the house and the dates you are working with.
We'll give you a written cash offer within 24 hours.