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Foreclosure: Olson

Friday, June 5, 2009 - 4:41pm

NOTICE OF MORTGAGE Foreclosure SALE

THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY of THe ORIGINAL CREDITOR WITHIN THE TIME 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: September 30, 2002

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $238,000.00

MORTGAGOR(S): Lara J. Olson and Mark T. Olson, wife and husband

MORTGAGEE: MarketPlace Home Mortgage, LLC, a Minnesota limited liability company

DATE AND PLACE OF FILING: Filed November 25, 2002, Dakota County Recorder; Document No. 1964606

ASSIGNMENTS OF MORTGAGE: Assigned to: Wells Fargo Home Mortgage, Inc., a California corporation, n/k/a Wells Fargo Bank, N.A. successor by merger to Wells Fargo Home Mortgage, Inc.

LEGAL DESCRIPTION OF PROPERTY:

Lot 8, Block 3, Zweber Farm Eighth

COUNTY IN WHICH PROPERTY IS LOCATED: Dakota County, Minnesota

THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: $221,625.98

THAT no action or proceeding has been instituted at law to recover the debt secured by said mortgage, or any part thereof; that there has been compliance with all pre-foreclosure notice and acceleration requirements of said mortgage, and/or applicable statutes;

PURSUANT, to the power of sale contained in said mortgage, the above described property will be sold by the Sheriff of said county as follows:

DATE AND TIME OF SALE: August 13, 2009 at 10:00 a.m.

PLACE OF SALE: Dakota County Sheriff's office, Law Enforcement Center, 1580 Highway 55, Hastings, Minnesota

to pay the debt then secured by said mortgage and taxes, if any actually paid by the mortgagee, on the premises and the costs and disbursements allowed by law. The time allowed by law for redemption by said mortgagor(s), their personal representatives or assigns is six (6) months from the date of sale.

"THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR'S PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTES, SECTION 582.032, DETERMINING, AMONG OTHER THINGS, THAT THE MORTGAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN FIVE UNITS, ARE NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, AND ARE ABANDONED."

Dated: May 27, 2009

WELLS FARGO BANK, N.A.

Mortgagee

REITER & SCHILLER, P.A.

By:

Rebecca F. Schiller, Esq.

Sarah J.B. Adam, Esq.

N. Kibongni Fondungallah, Esq.

James J. Pauly, Esq.

Leah K. Weaver, Esq.

Brian F. Kidwell, Esq.

Attorneys for Mortgagee

25 North Dale Street

St. Paul, MN 55102-2227

(651) 209-9760

(X0624)

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

NOTICE OF MORTGAGE FORECLOSURE SALE

FORECLOSURE DATA

Minn. Stat. ยง 580.025

(1) Street Address, City and Zip Code of Mortgaged Premises

17752 Hickory Trail, Lakeville, MN 55044

(2) Transaction Agent

MarketPlace Home Mortgage, LLC, a Minnesota limited liability company

(3) Name of Mortgage Originator (Lender)

MarketPlace Home Mortgage, LLC, a Minnesota limited liability company

(4) Residential Servicer

Wells Fargo Home Mortgage-800-416-1472

(5) Tax Parcel Identification Number

228850708003

(6) Transaction Agent's Mortgage ID Number (MERS2 1-2 number)

None

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