Brian Zimpel

RE/MAX Professionals | MN Foreclosure Rescue Expert

Selling During Redemption: How We Rescued $40,000 in Trapped Equity in St. Paul

The Challenge: The 6-Month Clock Was Almost Up

Our St. Paul client contacted us in a state of sheer panic. Their home had gone to a Sheriff's Sale almost five months prior. They had spent the last few months packing boxes, assuming that when the 6-month mark hit, the sheriff would show up to evict them.

They had completely given up on the idea of selling because they thought the bank already owned the property. With only weeks left until the redemption period expired in Ramsey County, they were about to forfeit tens of thousands of dollars in equity that rightfully belonged to them.

Our 3-Step Redemption Rescue Strategy

Step 1: Calculating the Sheriff's Certificate Payoff

When a home is sold at a Sheriff's auction, the winning bidder (usually the bank) receives a Sheriff's Certificate. To save the home, that certificate must be paid off in full, plus interest and allowable fees. We immediately contacted the law firm holding the certificate to get exact, to-the-penny payoff figures before the deadline hit.

Step 2: Securing a Rapid Cash Buyout

You cannot use a traditional retail buyer with a conventional mortgage when you only have two weeks left in a redemption period—banks move too slowly. We utilized our direct cash investor network to generate an immediate, As-Is cash offer that far exceeded the cost of the Sheriff's Certificate payoff.

Step 3: Redeeming the Property

We expedited the title work and rushed the closing. At the closing table, the cash funds were used to legally "redeem" the property, paying off the certificate holder entirely. The remaining funds were wired directly into the homeowner's bank account.

The Final Results

The property was successfully redeemed before the deadline. Instead of being evicted with nothing to show for their years of homeownership, the clients walked away with over $40,000 in cash to start their next chapter.

Are You in Your Redemption Period Right Now?

Do not assume you have lost your home. As long as your redemption period has not expired, we can help you extract your equity. Learn the facts about selling during the Minnesota Redemption Period, or contact us immediately for an emergency consultation.

⭐ Success Stories from Local Clients

See why sellers in stressful situations trust Brian Zimpel to protect their equity.

Brian Zimpel

RE/MAX Professionals | MN Real Estate Expert

📍 Real Estate Services – Twin Cities, MN Map

Brian Zimpel provides expert real estate, foreclosure avoidance, and post-auction redemption services in St. Paul, Ramsey County, and throughout the Twin Cities area.