Minnesota Statutes
Minn. Stat. § 580.225 (2026)
Satisfaction Of Mortgage
✓ current as of May 2026
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The amount received from foreclosure sale under this chapter is full satisfaction of the mortgage debt, except as provided in section 582.30.
Notes of Decisions
Cited in 12
cases, 1989–2020 · leading case: Shaw Acquisition Co. v. Bank of Elk River, 639 N.W.2d 873 (Minn. 2002).
Shaw Acquisition Co. v. Bank of Elk River, 639 N.W.2d 873 (Minn. 2002). “It contends that, on the one hand, if the mortgagee bids only the amount in the first-priority position at the foreclosure sale, that priority position would be forfeited because Minn.Stat. § 580.225 provides that “[t]he amount received from foreclosure sale under this chapter…”
Nat'l City Bank of Minneapolis v. Lundgren, 435 N.W.2d 588 (Minn. Ct. App. 1989). “Lundgren moved for summary judgment, arguing that as a result of the bank’s electing to foreclose the mortgages by advertisement, the principal debts were discharged pursuant to the anti-deficiency law, Minn.Stat. §§ 580.225, 582.30 (1986), when the properties were sold at the…”
Welk v. GMAC Mortg., LLC, 850 F. Supp. 2d 976 (D. Minnesota 2012). “Under Minn.Stat. § 580.225, the amount received from a foreclosure by advertisement is deemed to be “full satisfaction of the mortgage debt, except as provided in section 582.”
State v. Maidi, 520 N.W.2d 414 (Minn. Ct. App. 1994). “See Minn. Stat. § 580.225 (1992) (amount received from foreclosure sale is full satisfaction of the mortgage debt).”
JPMorgan Chase Bank, N.A. v. Erlandson, 821 N.W.2d 600 (Minn. Ct. App. 2012). “” Minn.Stat. § 580.225 (2010). If the proceeds of the foreclosure by advertisement are less than the amount owed under a promissory note, and the mortgage "has a redemption period of six months under section 580.”
Shaw Acquisition Co. v. Bank of Elk River, 627 N.W.2d 365 (Minn. Ct. App. 2001). “(even with split priorities, as here) positions are satisfied claiming that the amount received at a foreclosure must satisfy the entire debt under Minn.Stat. § 580.225 (2000) (stating “amount received from foreclosure sale * * * is full satisfaction of the mortgage debt”).”
Chai Misty Le v. Wells Fargo Bank, N.A. (In re Le), 537 B.R. 913 (Bankr. D. Minn. 2015). “Sheriffs Certificate, in Appendix to Defendants’ Motion to Dismiss [Dkt.”
U. S. Bank Nat'l Ass'n, as Tr., successor-in-interest to Bank of Am., N.A., as Tr., successor to Wells Fargo Bank, N.A., as Tr. for the Registered Holders of Wachovia Bank Com. Mortg. Trust, Com. Mortg. Pass-Through Certificates, Series 2007-C30, acting by & through its special servicer CWCapital Asset Mgmt., LLC, (A16-0073), (A16-0258) v. RBP Realty, LLC, (A16-0073), (A16-0258).A16-0073, 888 N.W.2d 699 (Minn. Ct. App. 2016). “See Minn. Stat. § 580.225 (2016). “[A]n assignment of rents will continue in effect after foreclosure, even if the foreclosure has fully extinguished the underlying mortgage debt, but only to the extent necessary to pay the ongoing expenses associated with maintaining the…”
In re Harstad, 136 B.R. 806 (D. Minnesota 1992). “30, subd. 2 (1986). The 1986 amendments also included § 580.”
Page v. Consol. Title & Abstract Co. (In re Brewery Ltd. P'ship), 113 B.R. 992 (D. Minnesota 1990). “Minnesota Statutes *999 § 580.225 provides that “[t]he amount received from foreclosure sale under this chapter is full satisfaction of the mortgage debt, except as provided in section 582.”
U. S. Bank Nat'l Ass'n, as Tr., successor-in-interest to Bank of Am., N.A., as Tr., successor to Wells Fargo Bank, N.A., as Tr. for the Registered Holders of Wachovia Bank Com. Mortg. Trust, Com. Mortg. Pass-Through Certificates, Series 2007-C30, acting by & through its special servicer CWCapital Asset Mgmt., LLC, (A16-0073), (A16-0258) v. RBP Realty, LLC, (A16-0073), (A16-0258).A16-0073 (Minn. Ct. App. 2016). “Bank was entitled to utilize rental income from the property only to the extent that expenses were incurred, i.e., only for the first purpose specified in the provision quoted here.”
Omni Enter., Inc. (Bankr. D. Alaska 2020). “1992) (applying Minn.Stat. § 580.225 (1986), which provided: “The amount received from foreclosure sale under this chapter is full satisfaction of the mortgage debt, except as provided in section 582.”
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