Minnesota Statutes

Minn. Stat. § 580.11 (2026)

Mortgagee Or Assignee May Purchase

✓ text as last checked Sept. 2026 (this copy records no edition or section history)
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The mortgagee, the mortgagee's assignee, or the legal representative of either or both, may fairly and in good faith purchase the premises so advertised, or any part thereof, at such sale.

Notes of Decisions
Cited in 7 cases, 1987–2012 · leading case: Labrant v. Mortg. Elec. Reg. Sys., Inc., 870 F. Supp. 2d 671 (D. Minn. 2012).
Labrant v. Mortg. Elec. Reg. Sys., Inc., 870 F. Supp. 2d 671 (D. Minn. 2012). · cites it 15× “§ 580 regarding foreclosure; 3) injunctive relief seeking a tolling or extension of the right to redeem; 4) breach of mortgagee’s duty to act fairly and in good faith pursuant to Minn.Stat. § 580.11; 5) negligent misrepresentation; 6) promissory estoppel; and 7) unjust…”
Cox v. Mortg. Elec. Reg. Sys., Inc., 794 F. Supp. 2d 1060 (D. Minn. 2011). · cites it 3× “This statute, which relates to foreclosure by advertisement, states that “the mortgagee, the mortgagee’s assignee, or the legal representative of either or both, may fairly and in good faith purchase the premises so advertised, or any part thereof, at such sale.”
Cox v. Mortg. Elec. Reg. Sys., Inc., 685 F.3d 663 (8th Cir. 2012). “Minn.Stat. § 580.11. The district court dismissed Count II, concluding that any duty imposed under section 580.”
Tharaldson v. Ocwen Loan Servicing, LLC, 840 F. Supp. 2d 1156 (D. Minn. 2011). · cites it 5× “Minn.Stat. § 580.11. Chapter 580 discusses procedural requirements concerning foreclosures by advertisement.”
State Bank of Young Am. v. Fabel, 530 N.W.2d 858 (Minn. Ct. App. 1995). · cites it 4× “Minn.Stat. § 580.11 (1992). The mortgagee “may bid in property for the full amount of the mortgage debt.”
Bohnhoff v. Wells Fargo Bank, N.A., 853 F. Supp. 2d 849 (D. Minn. 2012). · cites it 4× “” Minn.Stat. § 580.11. The statute imposes no fiduciary duty on the mortgagee and does not concern a mortgagee’s actions prior to foreclosure.”
Sprague Nat'l Bank v. Dotty, 415 N.W.2d 725 (Minn. Ct. App. 1987). · cites it 2× “*727 Minn.Stat. § 580.11 (1985). Generally, a foreclosure sale free from fraud or irregularity will not be held invalid for inadequacy of the price since the mortgagor has a period following foreclosure to redeem.”
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