Who currently holds the mortgage?

U.S. Bank National Association, by assignment recorded September 14, 2021 (Document A550804).

What is the original loan amount and date?

The original principal was $55,290.00 and the mortgage date was August 19, 2020.

Foreclosure — Albert Lea

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

Lender

Affects:HomeownersCreditorsProperty Buyers

This notice starts a mortgage foreclosure sale for property in Freeborn County after borrower default on a $55,290 loan originally made August 19, 2020 and later assigned to U.S. Bank National Association. The sale will dispose of the mortgaged property unless cured.

Key Takeaways

Loan default on mortgage dated August 19, 2020
Original principal $55,290 assigned to U.S. Bank National Association
Recorded in Freeborn County (Document A544066; assignment A550804)
Foreclosure sale will proceed unless debt is paid

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 the borrower does not cure the default before the foreclosure sale, the property will be sold and the homeowner will lose ownership; sale date will be set in the public notice (not included here).

What to do next

1
Contact the mortgage holder
Reach out to U.S. Bank National Association to discuss payoff or reinstatement options using the assignment recorded September 14, 2021.
2
Obtain full notice and sale date
Locate the full foreclosure notice in Freeborn County records to get the sale date and redemption information (check Document A544066 and A550804).
3
Seek legal advice
Consult an attorney immediately to explore loss-mitigation, redemption rights, or bankruptcy options before the sale.

Frequently asked questions

Who currently holds the mortgage?: U.S. Bank National Association, by assignment recorded September 14, 2021 (Document A550804).
What is the original loan amount and date?: The original principal was $55,290.00 and the mortgage date was August 19, 2020.
Where is this foreclosure recorded?: Recorded in the Office of the County Recorder of Freeborn County, Minnesota (Document A544066).

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 on the property.
mortgagor: The borrower who granted the mortgage on the property.
assignment of mortgage: A recorded transfer of the lender's interest in the mortgage to another party.

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: August 19, 2020ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $55,290.00MORTGAGOR(S): Karena Danielle Sierra, a single personMORTGAGEE: Mortgage Electronic Registration Systems, Inc., as nominee for Bremer Bank, National AssociationDATE AND PLACE OF FILING: Recorded on August 26, 2020 as Document Number A544066 in the Office of the CountyRecorder of Freeborn County, Minnesota.ASSIGNMENTS OF MORTGAGE: Assigned to: U.S. Bank National Association by assignment recorded on September 14,2021 as Document Number A550804 in the Office of the County Recorder of Freeborn County, Minnesota.LEGAL DESCRIPTION OF PROPERTY: Lot 36, Block 2, Morin`s