Question

Which of the following best describes foreclosure by advertisement in Minnesota?

A. Foreclosure by advertisement is a judicial foreclosure process conducted through court proceedings.
B. Foreclosure by advertisement is a process where property is foreclosed without involving a legal notice.
C. Foreclosure by advertisement is a process where property is foreclosed through public auctions.
D. Foreclosure by advertisement is a process conducted without involving a trustee.

Answer 1

Foreclosure by advertisement in Minnesota is a non-judicial process where property is foreclosed without involving a court proceeding and is sold at a public auction.

Step-by-step explanation:

Foreclosure by advertisement in Minnesota is a non-judicial foreclosure process where property is foreclosed without involving a court proceeding. In this process, a legal notice is published in a newspaper to inform the public about the impending foreclosure sale. The property is then sold at a public auction to the highest bidder.