Clarifies the right to postpone a mortgage foreclosure sale in Minnesota.

This bill amends Minnesota law to clarify the right of a mortgagor or owner to postpone a mortgage foreclosure sale. It specifies that the postponement can only be exercised once per foreclosure proceeding. The postponement reduces the redemption period to five weeks, and the new sale date is set five months after the original date if the original redemption period was six months, or 11 months if it was 12 months. The bill also details the form and content of the affidavit required to effect this postponement.

Clarifies the right to postpone a mortgage foreclosure sale in Minnesota.

This bill amends Minnesota law to clarify the right of a mortgagor or owner to postpone a mortgage foreclosure sale. It specifies that the postponement can only be exercised once per foreclosure proceeding. The postponement reduces the redemption period to five weeks, and the new sale date is set five months after the original date if the original redemption period was six months, or 11 months if it was 12 months. The bill also details the form and content of the affidavit required to effect this postponement.