First Trust Co., Inc. v. Leibman

WAHL, Justice.

This case, involving foreclosure on a home mortgage, requires us to construe Minn.Stat. § 580.30 (1988) to clarify what payments are required to reinstate a mortgage prior to judicial sale of the property. First Trust Company (“First Trust”), the mortgagee, appeals a decision of the court of appeals, affirming a trial court holding that the mortgagor, Kenneth E. Keate, need tender only the amount due at the time of the commencement of the foreclosure proceedings 430 N.W.2d 257. Because we conclude that the statute allows a mortgage to be reinstated by payment of the amount…