Foreclosed Homes For sale in Lester Prairie, Minnesota

Category

Select a categoryResidential homes  Houses  Apartments  Flats  Rooms  Condos  Townhouses  Units  Studios  Villas  Cottages  Bungalows  Homes  Foreclosed HomesLand lots  Residential Land  Agricultural Land  Industrial LandGarages and parking places  Parking garagesCommercial Real Estate  Hotels  Office spaces  Business Premises  Buildings of free appointmentAll Others Real Estate  All Others Real Estate  Ecological HousingBusiness Directory  Financial Service Providers  Moving Companies  Home Improvement Contractors  Home Inspection Services  Construction Companies  Cleaning Contractors  Design Services  Pest Control  Landscaping Companies  Furniture Companies  Insurance Services  Photography ServicesReal Estate Agent Directory  Real Estate Agents  Real Estate Brokers  Property Managers  Real Estate Consultancy

Location

Type city or region

Post Code:

Transaction

For sale

Choose transaction type

For sale

For rent

Bedrooms

Any number of bedrooms

Choose number of bedrooms

Any number of bedrooms

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Bathrooms

Any number of bathrooms

Choose number of bathrooms

Any number of bathrooms

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Floor size

Lot size

Posted

Any age

Choose period

Any age

1 day old

2 days old

1 week old

2 weeks old

1 month old

Only listings with picture

Price:

-

Keyword

Search

Free service, you can easily unsubscribe at any time. By clicking Subscribe you agree to the TOS and the Privacy Policy

Clean fields

Advertisement:

Browse Foreclosed Homes For sale in Lester Prairie, Minnesota or list your own. Advertise, sell your property, list it for let

---

awaiting description

---

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower, who has stopped making payments to the lender, by forcing the sale of the asset used as the collateral for the loan.[1] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).[2] Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that they can successfully repossess the property.[3] Therefore, through the process of foreclosure, the lender seeks to foreclose (in plain English, immediately terminate) the equitable right of redemption and take both legal and equitable title to the property in fee simple.[4] Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments.

Source: https://en.wikipedia.org/