HF418 Summary

• Clarifies that the record owner of property at the time the redemption period expires must be named as the grantee when the state issues a quitclaim deed in tax-forfeited land sales, effective July 1, 2021.

• Provides exceptions for when the record owner is deceased or has assigned an installment contract, allowing the deed to be issued to the estate or registered assignee instead.

• Replaces the term "foreclosure consultant" with "solicitor" throughout Minnesota Statutes sections 325N.01-325N.18 and updates related definitions to include tax forfeiture and repurchase agreements.

• Expands protections for property owners in foreclosure and tax forfeiture situations, including enhanced contract requirements, cancellation rights, and prohibited practices for equity purchasers.

• Extends the statute of limitations for private actions from four to six years and establishes automatic stays in eviction actions when owners assert violations related to foreclosure property reconveyance transactions.