Governor Tim Pawlenty recently signed H.F. No. 3474. affecting the Redemption Period in the State of Minnesota.

Language has been added to Minnesota Statutes 2006, section 582.032, subdivision 7 providing that if a defendant fails to appear at a hearing on a mortgagee's request for a reduced redemption period, and the mortgagee has made the request based upon a claim that the property is abandoned, then the defendant’s failure to appear is conclusive evidence that the property has been abandoned.  For this provision to apply, the defendant must have received proper notice, consistent with the requirements for service of process in a civil action.

To view a copy of the bill, please click here

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 450 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.