Lake County mortgage foreclosure notice sets May sheriff sale in Two Harbors

A Lake County property tied to a $145,000 mortgage signed Aug. 31, 2006 is headed to sheriff’s sale in Two Harbors, a formal step that can change ownership and leave a mark in a county where housing is scarce and closely watched.

The notice names Clifford T. Granlund as the mortgagor and Wells Fargo Bank, N.A. as the mortgagee and loan servicer. It lists Lake County Recorder Document Number A000162387 and sets the sale for May 28, 2026 at 10:00 a.m. at the Lake County Sheriff’s Office, 613 3rd Avenue in Two Harbors.

That sale is more than a calendar entry. Under the mortgage’s power of sale, the sheriff or a deputy conducts the auction at public venue, and the lender’s attorney opens with the amount due at the time of sale. The notice also preserves the borrower’s right to verify the debt and original creditor, and it lays out the redemption process that follows a foreclosure sale.

Lake County Sheriff’s Office guidance says mortgage foreclosure sales are usually held Thursdays at 10 a.m. at the same Two Harbors address, with an open bidding process and a sheriff’s sale fee of $75. Minnesota law requires the notice to identify the mortgagor, mortgagee, assignees, principal amount, mortgage date, recording information, amount claimed due, sale time and place, and redemption period.

That redemption period matters. Minnesota Statutes generally give the mortgagor six months to redeem the property after the sale by paying the amount for which it sold, plus interest and certain additional sums, unless a statutory exception applies. For homeowners, that can mean time to catch up or arrange another outcome. For neighbors, it can mean uncertainty about who will maintain the property. For buyers and investors, it signals a future public auction in a county where every sale can affect the local housing stock.

The stakes are magnified in Lake County, where the U.S. Census Bureau estimates 10,698 residents in 2024. About 83.5% of housing units are owner-occupied, and the median value of owner-occupied homes is $241,300, numbers that show how even one foreclosure can ripple through a small market.

A similar foreclosure notice for the same borrower and mortgage had already appeared with a March 27, 2026 dateline and the same May 28 sale date, indicating the legal notice has been running in the paper’s foreclosure section as required.