Section 580.20 — Action To Set Aside For Certain Defects.
580.20 ACTION TO SET ASIDE FOR CERTAIN DEFECTS. No such sale shall be held invalid or be set aside by reason of any defect in the notice thereof, or in the publication or service of such notice, or in the proceedings of the officer making the sale, unless the action in which the validity of […]
Section 580.21 — Action To Set Aside Sale; Limitation.
580.21 ACTION TO SET ASIDE SALE; LIMITATION. No such sale shall be held invalid or set aside unless the action in which its validity is called in question be commenced, or the defense alleging its invalidity be interposed, within 15 years after the date of such sale; provided that persons under disability, as provided in […]
Section 580.22 — Interest Of Purchaser; Attachment Or Judgment.
580.22 INTEREST OF PURCHASER; ATTACHMENT OR JUDGMENT. The interest acquired upon such sale is subject to the lien of any attachment or judgment duly made or docketed against the person holding the same, as in case of real property, and may be attached and sold on execution in the same manner. History: (9625) RL s […]
Section 580.225 — Satisfaction Of Judgment.
580.225 SATISFACTION OF JUDGMENT. The amount received from foreclosure sale under this chapter is full satisfaction of the mortgage debt, except as provided in section 582.30. History: 1986 c 398 art 19 s 2
Section 580.23 — Redemption By Mortgagor; Affidavit Of Nonagricultural Use; Waiver.
580.23 REDEMPTION BY MORTGAGOR; AFFIDAVIT OF NONAGRICULTURAL USE; WAIVER. Subdivision 1. Six-month redemption period. (a) When lands have been sold in conformity with the preceding sections of this chapter, the mortgagor, the mortgagor’s personal representatives or assigns, within six months after such sale, except as otherwise provided in subdivision 2 or section 582.032 or 582.32, […]
Section 580.24 — Redemption By Creditor.
580.24 REDEMPTION BY CREDITOR. (a) If no redemption is made by the mortgagor, the mortgagor’s personal representatives or assigns, the most senior creditor having a legal or equitable lien upon the mortgaged premises, or some part of it, subsequent to the foreclosed mortgage, may redeem within seven days after the expiration of the redemption period […]
Section 580.25 — Redemption, How Made.
580.25 REDEMPTION, HOW MADE. Redemption shall be made as provided in this section. The person desiring to redeem shall pay the amount required by law for the redemption, and shall produce to the person or officer receiving the redemption payment: (1) a copy of the docket of the judgment, or of the recorded deed or […]
Section 580.26 — Certificate Of Redemption; Record.
580.26 CERTIFICATE OF REDEMPTION; RECORD. The person or officer from whom such redemption is made shall make and deliver to the person redeeming a certificate executed and acknowledged in the same manner as a conveyance, containing: (1) the name of the person redeeming, and the amount paid by the person on such redemption; (2) a […]
Section 580.11 — Mortgagee Or Assignee May Purchase.
580.11 MORTGAGEE OR ASSIGNEE MAY PURCHASE. The mortgagee, the mortgagee’s assignee, or the legal representative of either or both, may fairly and in good faith purchase the premises so advertised, or any part thereof, at such sale. History: (9612) RL s 4467; 1986 c 444
Section 580.27 — Effect Of Redemption.
580.27 EFFECT OF REDEMPTION. If redemption is made by the owner of the property sold, the owner’s heirs, personal representatives or assigns, such redemption annuls the sale; if by a creditor holding a lien on the property, or some part thereof, the certificate of redemption, executed, acknowledged, and recorded as provided in section 580.26, operates […]