A judicial foreclosure proceeding can be initiated at any time after default on a secured obligation or a judgment which constitutes a lien on real property. The following form is a complaint that adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Minnesota Motion for Satisfaction of Money Judgment by Judicial Sale is a legal document filed by a judgment creditor in Minnesota to request the court's authorization for the sale of a debtor's property in order to satisfy an outstanding money judgment. This motion is typically used when other collection methods have been exhausted and the debtor has failed to fulfill their payment obligations. In Minnesota, there are two main types of Motion for Satisfaction of Money Judgment by Judicial Sale: 1. Execution Sale: This type of judicial sale involves the sale of the debtor's personal property such as vehicles, jewelry, or other valuable assets to satisfy the money judgment. The creditor must file a motion with the court, providing details about the property to be sold, its estimated value, and a proposed method of sale. The court will then assess the motion and may grant authorization for the sale to take place. 2. Real Property Sale: When the debtor owns real estate or immovable property, such as a house or land, the creditor can request a judicial sale of the property to satisfy the money judgment. Similar to an execution sale, the creditor must file a motion detailing the property's description, estimated value, and proposed method of sale. The court will review the motion and make a determination whether to grant authorization for the sale. Keywords: — Minnesota: Refers to the state where the motion is being filed, indicating the specific legal jurisdiction and laws applicable to the case. — Motion for Satisfaction of Money Judgment: Describes the purpose of the document, which is to seek the court's approval for the sale of the debtor's assets. — Judicial Sale: Indicates that the sale is authorized by the court and conducted under its supervision to ensure fairness and proper distribution of the proceeds. — Money Judgment: Refers to a court order requiring the debtor to pay a specified amount of money to the creditor. — Satisfaction of Judgment: The process of fulfilling or settling a money judgment through various means, including the sale of the debtor's assets. — Creditor: The party or person who is owed a debt and pursuing collection of the outstanding payment. — Debtor: The individual or entity who owes the debt and has been issued a money judgment against them. — Execution Sale: A type of judicial sale involving the sale of personal property to satisfy the money judgment. — Real Property Sale: A type of judicial sale involving the sale of real estate or immovable property to satisfy the money judgment. It is essential to consult a qualified attorney or legal professional to obtain accurate and up-to-date information regarding specific legal procedures and requirements for filing a Motion for Satisfaction of Money Judgment by Judicial Sale in Minnesota.
