High court sides with borrower on mortgage acceleration clause
Minnesota Supreme Court rules acceleration clauses cannot be enforced by foreclosure. The decision upholds a homeowner's right to reinstate a lapsed mortgage by paying delinquent amounts plus foreclosure costs. Associate Justice James Otis writes the ruling to restore the status quo for both borrower and lender.
MENTIONED IN THIS ARTICLE
ST. Paul, Minn
State Supreme Court
Emery Davis
Freeborn County
James Otis
Davis
Otis
Weather Area and State Forecast Summary
Fair to partly cloudy tonight and Saturday with slight warming on Saturday. Lows tonight between 10 and 18 degrees, Saturday highs in the upper 30s. A 10 percent chance of precipitation tonight and Saturday. State forecast calls for fair to partly cloudy conditions in the west and south, variable cloudiness, with a chance of light flurries in the northeast tonight and Saturday. Lows tonight 10 to 22, Saturday highs 35 to 45.
Weekend Weather Outlook Forecast Through Tuesday
The extended period calls for fair to partly cloudy skies Sunday and Monday with a chance of rain or snow Tuesday. A warming trend appears, with Sunday highs in the upper 30s to upper 40s and Tuesday in the mid 40s to upper 50s. Lows range from the upper teens to upper 20s Sunday and the mid 20s to mid 30s Tuesday.
Grocery chains move to halt spiral on food prices
Treasury Secretary Connally met with executives as Grand Union Winn-Dixie and Safeway cut or froze meat and food prices across multiple regions. Agriculture data showed beef prices at the farm level fell 20 cents per hundredweight, with Safeway promising Easter timing for cuts. Officials credited lower wholesale beef prices rather than government pressure for the relief.
MENTIONED IN THIS ARTICLE
Washington
Treasury
John B. Connally
Grand Union
Winn- Dixie
Safeway Stores, Inc
Maryland
Virginia
Pennsylvania
Delaware
District of Columbia
Winn-Dixie
Agriculture Department
Safeway
Basil Winstead
Also Mentioned on This Page
Westy James
Keith Malmquist
Bemidji State College
Pioneer
Sean Lite
Orade
Wilton
Bemidji
High Court
St. Cloud Twin Cities
Duluth
Fargo
Int. Falls
Glass Block
Rexall Drug Stores
Jack
Rod
Tom
Mary
Connally
Agriculture
Earl L. Butz
National Public Art Center For Television
Farm Market
CRG
Cainetom
ESHS
You
Ben
Jef
Reslaane
Wilsor
Benlost
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