Minnesota Statutes 580.225 – Satisfaction of Judgment
Current as of: 2023 | Check for updates
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The amount received from foreclosure sale under this chapter is full satisfaction of the mortgage debt, except as provided in section 582.30.
Terms Used In Minnesota Statutes 580.225
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.