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Committee adopts author amendment and lays over mortgage‑foreclosure redemption bill
Summary
Senate File 23‑38, a package of changes to foreclosure‑by‑advertisement procedures intended to clarify sheriffs’ duties and protect homeowners’ rights to surplus funds and redemption, had an author’s amendment adopted and was laid over for possible inclusion in the omnibus bill.
Senate File 23‑38 would revise procedures for foreclosures by advertisement (Minn. Stat. ch. 580), clarify sheriff responsibilities at sheriff’s sales, tighten rules to prevent foreclosure speculators from creating redeemable interests, and improve recovery and distribution of surplus sale proceeds to homeowners.
Sponsor testimony said the bill…
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