See my reply 12, above.
I think that the flaw, is that lawyers for, or who are, real estate property developers, play a game with the old Minnesota laws pertaining to this type of matter; and either, the lawyers are participants along with greedy government bureaucrats, or the lawyers know how to “influence” (sometimes read: coerce) government bureaucrats, to force the shift from foreclosure status to abandonment status . . . and thereby the lawyers “do well” but do not “do good.”
I think you figured out exactly what’s going on there.