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MN SF2549
Bill
Status
2/11/2010
Primary Sponsor
Kathy Saltzman
Click for details
AI Summary
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Reduces the time for building owners or sheriff's certificate holders to request a hearing on a city order to secure a vacant building from 14 days to 6 days after service of the order.
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Requires foreclosure sale notices to include the name, address, and telephone number of a mortgagee representative authorized to negotiate foreclosure resolution and address property maintenance concerns.
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Adds mandatory notice language informing mortgagors that the redemption period may be reduced to five weeks if a court determines the property is an abandoned residential dwelling of less than five units not used in agricultural production.
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Authorizes political subdivisions to recover costs and disbursements incurred when obtaining a court order to reduce the redemption period to five weeks, with these costs recoverable through mortgage reinstatement or property redemption.
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Allows attorney fees and court-awarded costs associated with obtaining redemption period reductions to be included in amounts payable upon reinstatement or redemption of foreclosed properties.
Legislative Description
Vacant buildings security hearing request and notice of sale requirements modification; political subdivisions redemption costs recovery
Last Action
Senate: Second reading
3/11/2010