What does this foreclosure notice mean for the homeowner?

It means the homeowner is in default and the lender intends to sell the property at foreclosure unless the debt is cured before the sale date given in the full notice.

Who is the mortgagee in this notice?

Mortgage Electronic Registration Systems, Inc., acting as nominee for nBank N.A., is identified as the mortgagee.

How much was the original mortgage amount?

The original principal amount listed is $197,600.00.

Foreclosure — Pine

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

Lender

Affects:HomeownersProperty BuyersCreditors

A mortgage on property in Pine County is in default; the lender (Mortgage Electronic Registration Systems, Inc., nominee for nBank N.A.) initiated foreclosure proceedings based on a 2004 mortgage with recorded modifications. A foreclosure sale is being noticed to recover the debt.

Key Takeaways

Mortgage dated October 15, 2004 is in default
Original principal: $197,600.00
Mortgagee: MERS, nominee for nBank N.A.
Documents recorded in Pine County Recorder’s Office

Published: May 14, 2026 · 1 week ago
Category: Foreclosure
City: Pine

Research context

3 foreclosure notices in Pine (last 12 months)

If you don't respond

If no action is taken, the lender will proceed with the foreclosure sale to recover the debt; this may result in loss of the property and removal of homeowner rights. Specific sale date and redemption details are listed later in the full notice and must be acted on by that deadline.

What to do next

1
Locate the full foreclosure notice
Obtain the complete notice from the Pine County Recorder's Office to find sale date, redemption period, and contact information.
2
Contact an attorney or housing counselor
Seek legal or housing counseling immediately to explore options to stop the sale or negotiate with the lender before the recorded sale date.
3
Verify recorded documents
Review documents recorded Nov 4, 2004 (Doc 438314), Feb 9, 2012 (Doc A499077), and Apr 11, 2012 (Doc A500124) at Pine County Recorder.

Frequently asked questions

What does this foreclosure notice mean for the homeowner?: It means the homeowner is in default and the lender intends to sell the property at foreclosure unless the debt is cured before the sale date given in the full notice.
Who is the mortgagee in this notice?: Mortgage Electronic Registration Systems, Inc., acting as nominee for nBank N.A., is identified as the mortgagee.
How much was the original mortgage amount?: The original principal amount listed is $197,600.00.

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 entity or lender that holds the mortgage and can enforce it if the borrower defaults.
Mortgagor: The borrower who granted the mortgage on the property.
Recorded: Filed in the county recorder's office so the document becomes part of the public record.
Nominee: An entity that holds the mortgage on behalf of the actual lender.

Full Notice Text

NOTICE OF MORTGAGEFORECLOSURE SALETHE RIGHT TO VERIFICATION OFTHE DEBT AND IDENTITY OF THEORIGINAL CREDITOR WITHINTHE TIME PROVIDED BY LAW ISNOT AFFECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN:That default has occurred in theconditions of the following describedmortgage:DATE OF MORTGAGE: October 15,2004ORIGINAL PRINCIPAL AMOUNTOF MORTGAGE: $197,600.00MORTGAGOR(S): Raquel Reed, asingle womanMORTGAGEE: Mortgage ElectronicRegistration Systems, Inc., anominee for nBank N.A.DATE AND PLACE OF FILING:Recorded on November 4, 2004as Document Number 438314; asmodified of record by Raquel Reedand Richard Axtell by documentrecorded on February 9, 2012 asDocument Number A499077; asreformed by Court Order recordedon April 11, 2012 as DocumentNumber A500124 in the Office ofthe County Recorder of Pine County,Minnesota.<

Related Notices

Notice

DateCategoryCity

This notice announces a mortgage foreclosure sale after default on a mortgage originally dated October 15, 2004, held by Mortgage Electronic Registration Systems, Inc. as nominee for nBank N.A.; the mortgage was recorded in Pine County and has recorded modifications.

May 21, 2026ForeclosurePine

A mortgage borrower defaulted on a 2014 loan secured by property recorded in Pine County; the mortgage was assigned to PennyMac Loan Services, LLC, and a foreclosure sale is being initiated. The notice warns affected parties of the lender's right to sell the property.

May 21, 2026ForeclosurePine