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MN SF137
Bill
Status
5/24/2011
Primary Sponsor
Linda Scheid
Click for details
AI Summary
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Clarifies that corrective deeds may be presented to county attorneys with abstracts of title or other satisfactory evidence to correct defects or technical errors in property title.
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Establishes procedures for canceling residential real property purchase agreements through notice, allowing either party to initiate cancellation with a 15-day cure period if conditions are unfulfilled or defaults occur.
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Expands the 12-month mortgage foreclosure redemption period to include reverse mortgages as defined in section 47.58.
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Modifies probate law to allow courts to consider extrinsic evidence and modify wills or trusts containing federal estate tax formulas for decedents dying between December 31, 2009 and January 1, 2011, with proceedings to be commenced by December 31, 2011.
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Changes the effective date for child support judgment provisions from July 1, 2011 to January 1, 2013, and makes residential purchase agreement cancellation procedures effective August 1, 2011.
Legislative Description
Mortgage foreclosure redemption period modifications; real property deeds to correct title clarification; residential purchase agreements cancellation authorization; attorney as agent for service modifications; child support judgments effective date clarification
Last Action
Governor approval
5/24/2011