Question

Meaghan purchased an abandoned property in Minnesota at a foreclosure sale. How long until she can take possession of the property?

(A) 5 days
(B) 21 days
(C) 6 months
(D) 12 months

Answer 1

Meaghan will have to wait for a redemption period of 6 months before taking possession of the property in Minnesota.

Step-by-step explanation:

In Minnesota, after purchasing an abandoned property in a foreclosure sale, there is a redemption period during which the original property owner has the opportunity to reclaim the property.

In general, this redemption period lasts for 6 months.

Meaghan will have to wait for this period to pass before taking possession of the property.