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The Minnesota legislature passed a law allowing courts to extend mortgage foreclosure redemption periods to relieve hardship during an economic emergency. Home Building & Loan Assn challenged this law as unconstitutional. The Supreme Court upheld the law, finding that: 1) The law did not eliminate mortgage obligations, but only modified foreclosure procedures to address the crisis. 2) Mortgagors were still required to pay rental values during extensions to maintain property taxes and interest. 3) Emergenc

Author

Aleezah Gertrude Regado

Language

EN