Property Ownership
In Minnesota, a 'remainder interest' in a property is held by someone who:
AOwns the property after a foreclosure
BWill receive ownership upon the termination of a prior estate (such as a life estate)✓ Correct
CHolds a mortgage on the property
DLeases the property on a long-term basis
Explanation
A remainder interest is a future interest in property that becomes possessory when a prior estate ends. For example, if a property is conveyed 'to A for life, then to B,' B holds the remainder interest. When A dies, B's remainder becomes possessory and B owns the property in fee simple.
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