US Laws, Codes, Statutes & Cases

     508.57 Foreclosure; notice. 

    Mortgages upon registered land may be foreclosed in the 
 same manner as mortgages upon unregistered land.  Where the 
 mortgage is upon registered land it shall be sufficient to 
 authorize the foreclosure thereof by advertisement, if such 
 mortgage and all assignments thereof shall have been registered, 
 and a memorial thereof duly entered upon the certificate of 
 title.  When a mortgage upon registered land is foreclosed by 
 advertisement, the notice of foreclosure shall state the date of 
 the mortgage, when and where registered, and the fact of 
 registration.  All laws relating to the foreclosure of mortgages 
 upon unregistered land shall apply to mortgages upon registered 
 land, or any estate or interest therein, except as herein 
 provided, and except that a notice of the pendency of any suit 
 or proceeding to enforce or foreclose the mortgage or other 
 charge upon the land shall be filed with the registrar, and a 
 memorial thereof entered on the certificate of title before the 
 first date of publication of the foreclosure notice but not 
 sooner than six months before the first date of publication.  A 
 notice so filed and registered shall be notice to the registrar 
 and to all persons thereafter dealing with the land or any part 
 thereof and shall satisfy the requirements of section 580.032, 
 subdivision 3, with respect to registered land.  In all such 
 foreclosures all certificates and affidavits permitted or 
 required by law to be recorded with the county recorder shall be 
 filed with and registered by the registrar. 

    HIST: (8303) RL s 3425; 1905 c 305 s 55; 1976 c 181 s 2; 1986 
 c 444; 1992 c 463 s 7; 1999 c 11 art 1 s 27 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.