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Lenders often secure repayment of loans by taking a mortgage on real estate owned by the borrower. If the borrower becomes unable to repay the loan, the lender may foreclose the mortgage and take back the property. In Minnesota, there are two ways to foreclose on real estate: by action and by advertisement. (Wisconsin only …
To Avoid a Void Foreclosure by Advertisement, Strict Compliance is BestRead More
Regionally, spring is a busy time for residential real estate transactions. It is a time when many home sellers decide to list their property, and buyers often step up their intensity when searching for a new home. Some of the most common inquiries real estate attorneys receive, especially at this time of year, relate to …
Disclosures in Residential Real Estate TransactionsRead More
Tax abatement is an economic development tool for communities that appears to be gaining in popularity in recent years. First authorized by the Minnesota Legislature in 1997 as an alternative to TIF, tax abatement allows a city, town, county, or school district to abate all or a portion of its property tax on a parcel …
Growing Trend: Use of Tax Abatement for Economic Development and Public FacilitiesRead More
How should a financial institution respond to a civil subpoena for customer records? A subpoena is a document issued in the name of a court or government agency that commands the recipient to produce documents, permit inspection, copying, testing, or sampling, or appear at a trial, hearing, or deposition. A sample subpoena is attached hereto. …
DULUTH, MN—Fryberger, Buchanan, Smith & Frederick, P.A., a law firm headquartered in Duluth, Minnesota, announced attorney Robert Kanuit has been made a partner. Since Kanuit started with Fryberger in 2012, his experience in the areas of real estate, banking and lending support services, bankruptcy and creditors’ remedies, and business entities, has been an invaluable asset …
With 2016 off the ground, Minnesota business leaders wonder what legislation may impact them in the year ahead. This past December, the commissioner of Minnesota Management and Budget (“MMB”) published the state’s Budget & Economic Forecast. This forecast projects future economic conditions and sheds light on budget parameters from which the Minnesota Legislature will work …
A Look Into 2016 Legislation Impacting Minnesota BusinessesRead More
This Friday, November 20th, marks the 57th anniversary of the Christmas City of the North Parade. The Fryberger firm will continue its tradition of passing out free hot chocolate and cookies to parade spectators. The treats will be served on the corner of Third Avenue West and Superior Street from 5:30 – 8:30. This will …
The 2016 Legislative Session will be the second act of the 89th Minnesota Legislature. In order to anticipate what policies, issues, and local projects are likely to be addressed during the 2016 Session, we need to understand what did and did not happen during the chaotic 2015 Session. After the dust settled and the 2014 …
