Section 582.32 — Voluntary Foreclosure; Procedure.
582.32 VOLUNTARY FORECLOSURE; PROCEDURE. Subdivision 1. Application. This section applies to mortgages executed on or after August 1, 1993, under which there is a default and the mortgagor and mortgagee enter into an agreement for voluntary foreclosure of the mortgage under this section. This section applies only to mortgages on real estate no part of […]
Section 582.13 — State May Be Defendant In Certain Cases.
582.13 STATE MAY BE DEFENDANT IN CERTAIN CASES. In all cases not otherwise provided for, the consent of the state of Minnesota is given to be named a party in any suit which is now pending or which may hereafter be brought in any state court having jurisdiction of the subject matter, to quiet title […]
Section 582.043 — Loss Mitigation; Mortgage Foreclosure Dual Tracking.
582.043 LOSS MITIGATION; MORTGAGE FORECLOSURE DUAL TRACKING. Subdivision 1. Definitions. (a) For purposes of this section, the terms defined in this subdivision have the meanings given them. (b) “Foreclosure sale date” means either: (1) the date of the foreclosure sale contained in the notice that has been either served or published as required under section […]
Section 582.05 — Receiver Of Rents With Possession.
582.05 RECEIVER OF RENTS WITH POSSESSION. On the commencement of proceedings to foreclose, either by action or advertisement, any mortgage on a leasehold estate of more than three years covering urban property, or at any time after such commencement until the expiration of the period of redemption, the owner of any such mortgage or the […]
Section 582.06 — Default To Be Shown.
582.06 DEFAULT TO BE SHOWN. The court shall appoint the receiver on a showing that default has been made in any of the conditions of the mortgage, without any further evidence and without regard to the solvency or insolvency of the person liable for the debt secured by the mortgage. The appointment shall be made […]
Section 582.07 — Receiver To Furnish Bond.
582.07 RECEIVER TO FURNISH BOND. Before undertaking duties, the receiver so appointed shall file in court a bond for the faithful performance of such duties. The bond shall run to the owner of the mortgaged leasehold and shall be in such sum as the court shall determine and with such surety or sureties as shall […]
Section 582.08 — Possession, Entry After Filing Bond.
582.08 POSSESSION, ENTRY AFTER FILING BOND. After filing the bond mentioned in section 582.07, the receiver shall enter into possession of the mortgaged premises and collect all the rents and income therefrom, and shall apply the same to the payment of the expenses of the receivership and to the payment of all sums of money […]
Section 582.09 — Receiver To File Account For Approval.
582.09 RECEIVER TO FILE ACCOUNT FOR APPROVAL. At the termination of the receivership for any cause, the receiver shall file an account in such court. On the approval and confirmation of the account the receiver shall dispose of the funds on hand in accordance with the order of the court, and shall thereupon be entitled […]
Section 582.10 — Certain Rights And Remedies Not Limited.
582.10 CERTAIN RIGHTS AND REMEDIES NOT LIMITED. The provisions of sections 582.05 to 582.09 shall in no manner detract from or limit the rights and remedies of the mortgagor or the mortgagee provided by law. History: (9655) 1915 c 305 s 6
Section 582.11 — Powers And Duties Of Trustees In Certain Cases.
582.11 POWERS AND DUTIES OF TRUSTEES IN CERTAIN CASES. When a mortgage made or assigned to a trustee or trust deed on any real property or any real and personal property located in this state has been heretofore or shall hereafter be foreclosed and bid in on the foreclosure by a trustee for the holders […]