Prior Lake is a city 20 miles (32 km) southwest of downtown Minneapolis in the U.S. state of Minnesota in Scott County. Surrounding the shores of Lower and Upper Prior Lake, the city lies south of the Minnesota River in an area known as South of the River and establishes the urban fringe of the south-southwest portion of Minneapolis-St. Paul, the sixteenth largest metropolitan area in the United States. The U.S. Census Bureau recorded the population of the city of Prior Lake at 15,917 people at the 2000 census. Seen as the sister city of Shakopee, Prior Lake was incorporated as a village in 1851, Prior Lake is one of the oldest southern metro cities to have been absorbed by suburban growth. Along with Shakopee, the city is also experiencing reclamation to native habitat via land purchases by the Shakopee-Mdewakanton Indian Reservation, where Mystic Lake Casino and Little Six Casino are located. The city's modern growth is attributed to the completion and upgrade of State Highway 13.

Foreclosure Law Lawyers In Prior Lake Minnesota

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What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Minnesota

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...