In both types of Mortgage Foreclosure Sales, the sale is conducted by the Sheriff, or his designee, in an open bidding process. Sales are conducted weekdays at 10:00 A.M. in the Sheriff’s Main Civil Office, Room 103, 100 North Fifth Avenue West, Duluth, MN 55802. The Mortgage company’s or plaintiff’s attorney will open the bid with the exact amount due at the time of the sale.
Following this bid, other bidders are given an opportunity to bid. A successful bidder must have cash or certified funds (payable to the St. Louis County Sheriff) available to pay the Sheriff’s Office at the time of the sale.
The successful bidder will receive a Sheriff’s Certificate of Sale that lists the name of the purchaser and the amount of the purchase. The Certificate of Sale is prepared by the attorney and includes documentation proving that all statutory requirements have been completed.
All mortgage foreclosure sales are subject to a redemption period, usually 6 or 12 months. The length of the redemption period is noted in the sale notice.