Who is at risk of losing the property?

The mortgagors, Michele and Sheldon Pfieffer, are at risk if the default is not cured before the sale.

Who now owns the mortgage?

Freedom Mortgage Corporation holds the mortgage as of the June 9, 2022 assignment.

What was the original loan amount?

The original principal amount of the mortgage was $32,980, dated May 18, 2017.

Foreclosure — Albert Lea

Official courthouse record · Indexed in NoticeRegistry archive · AI-enriched for research

Lender

Affects:HomeownersProperty BuyersCreditors

A mortgage on property in Freeborn County is in default; the loan (originally $32,980) was assigned to Freedom Mortgage Corporation, and a foreclosure sale is being notified because the borrowers defaulted on the mortgage.

Key Takeaways

Loan originated May 18, 2017 for $32,980
Borrowers: Michele L. Pfieffer and Sheldon Pfieffer
Mortgage assigned to Freedom Mortgage Corporation (recorded June 9, 2022)
Foreclosure sale proceedings have been initiated

Published: May 21, 2026 · today
Category: Foreclosure
City: Albert Lea

Research context

5 foreclosure notices in Albert Lea (last 12 months)

If you don't respond

If no action is taken, the foreclosure sale may proceed, potentially resulting in loss of the property; specific sale date and redemption details are in the full notice and must be acted on by the deadlines stated there.

What to do next

1
Locate full foreclosure notice
Obtain the complete published notice to find the sale date, time, and redemption period recorded in Freeborn County records.
2
Contact the mortgagee or servicer
Reach out to Freedom Mortgage Corporation immediately to discuss reinstatement, payoff, or loss mitigation options.
3
Consult an attorney
Speak with a foreclosure attorney before the sale date to understand rights and possible defenses or redemption steps.

Frequently asked questions

Who is at risk of losing the property?: The mortgagors, Michele and Sheldon Pfieffer, are at risk if the default is not cured before the sale.
Who now owns the mortgage?: Freedom Mortgage Corporation holds the mortgage as of the June 9, 2022 assignment.
What was the original loan amount?: The original principal amount of the mortgage was $32,980, dated May 18, 2017.

The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.

Legal terms in this notice

mortgagee: The lender or entity that holds the mortgage loan.
mortgagor: The borrower who gave the mortgage on the property.
assignment of mortgage: A recorded transfer of the mortgage from one lender to another.

Full Notice Text

NOTICE OF MORTGAGE FORECLOSURE SALETHE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THETIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN: That default has occurred in the conditions of the following described mortgage:DATE OF MORTGAGE: May 18, 2017ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $32,980.00MORTGAGOR(S): Michele L. Pfieffer and Sheldon Pfieffer, wife and husbandMORTGAGEE: Mortgage Electronic Registration Systems, Inc., as nominee for State Farm Bank, F.S.B.DATE AND PLACE OF FILING: Recorded on May 18, 2017 as Document Number A-527220 in the Office of the CountyRecorder of Freeborn County, Minnesota.ASSIGNMENTS OF MORTGAGE: Assigned to: Freedom Mortgage Corporation by assignment recorded on June 9, 2022 asDocument Number A555319 in the Office of the County Recorder of Freeborn County, Minnesota.LEGAL DESCRIPTION OF PROPERTY: Lot 22 in Block 15, Second H