MN HF395

Clarifies that corrective deeds can be presented to county attorneys with an abstract of title or other satisfactory evidence (previously limited to specific title situations), with a $5 examination fee.

Modifies acknowledgment requirements for representative capacity documents by referencing section 358.41, clause (4) to define covered entities, making certified acknowledgments prima facie evidence of proper authority.

Establishes 15-day cancellation procedures for residential purchase agreements with defaults or unfulfilled conditions, allowing either party to serve notice specifying the property, agreement, and default with a cure period before cancellation becomes effective.

Clarifies declaratory cancellation procedures for conditions that automatically cancel purchase agreements by their terms, allowing either party to confirm cancellation by notice with a 15-day period for court intervention.

Extends the 12-month foreclosure redemption period to reverse mortgages as defined in section 47.58, effective the day following enactment for foreclosures with published notice on or after the effective date.