Bill > HF3479

This bill clarifies the right of a mortgagor or owner, or their representative, to postpone a mortgage foreclosure sale on a homestead property containing one to four dwelling units. The postponement can extend the sale by five months if the original redemption period was six months, or by eleven months if it was twelve months, provided the mortgagor or owner executes and records a sworn affidavit and provides copies to the sheriff and the foreclosing attorney at least 15 days before the scheduled sale. This postponement automatically shortens the mortgagor's redemption period to five weeks, and this right to postpone can only be exercised once per foreclosure proceeding. The bill also updates the required affidavit form to reflect these changes and clarifies that accepting a defective or untimely affidavit does not invalidate the foreclosure unless it's part of conduct violating specific consumer protection laws. The changes apply to foreclosures initiated on or after the day following the bill's final enactment.

Business and Industry, Justice

https://www.revisor.mn.gov/bills/94/2026/0/HF/3479/