Minnesota § 580.02 - REQUISITES FOR FORECLOSURE
Full text of Minnesota Minnesota Statutes § 580.02 — REQUISITES FOR FORECLOSURE, with citation guidance and answers to common questions.
§ 580.02. REQUISITES FOR FORECLOSURE
To entitle any party to make such foreclosure, it is requisite:
(1) that some default in a condition of such mortgage has occurred, by which the power to sell has become operative;
(2) that no action or proceeding has been instituted at law to recover the debt then remaining secured by such mortgage, or any part thereof, or, if the action or proceeding has been instituted, that the same has been discontinued, or that an execution upon the judgment rendered therein has been returned unsatisfied, in whole or in part;
(3) that the mortgage has been recorded and, if it has been assigned, that all assignments thereof have been recorded; provided, that, if the mortgage is upon registered land, it shall be sufficient if the mortgage and all assignments thereof have been duly registered;
(4) before the notice of pendency as required under section 580.032 is recorded, the party has complied with section 580.021; and
(5) before the foreclosure sale, the party has complied with section 582.043, if applicable.
History:
(9603) RL s 4458; 2008 c 341 art 5 s 6; 2013 c 115 s 1
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 580.02
What does Minnesota Statutes § 580.02 cover?
Section 580.02 ("REQUISITES FOR FORECLOSURE") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 580.02?
A common citation format is "Minnesota Statutes § 580.02" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 580.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.