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Minnesota Statutes 581.06 - Surplus

Minnesota Statutes > Compensatory and Collection Remedies > Chapter 581 > § 581.06 - Surplus


Current as of: 2010

When the sale is for cash, if, after satisfying the mortgage debt, with costs and expenses, there is a surplus, it shall be brought into court for the benefit of the mortgagor or the person entitled thereto, subject to the order of the court. If such surplus remains in court for three months without being applied for, the judge may direct it to be put out at interest, subject to the order of the court, for the benefit of the persons entitled thereto, to be paid to them upon order of the court.

History:

(9639) RL s 4491

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Questions & Answers: Home Foreclosure

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Minnesota Laws: Home Foreclosure

Minnesota Statutes Chapter 325N - Mortgage Foreclosures
Minnesota Statutes Chapter 580 - Mortgages; Foreclosure by Advertisement
Minnesota Statutes Chapter 581 - Mortgages; Foreclosure by Action
Minnesota Statutes Chapter 582 - Mortgages; Foreclosure, General Provisions

U.S. Code Provisions: Home Foreclosure

U.S. Code > Title 12 > Chapter 38 - Multifamily Mortgage Foreclosure
U.S. Code > Title 12 > Chapter 38A - Single Family Mortgage Foreclosure

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