Iowa Foreclosure FAQs

• Q: Does Iowa Law Allow for a Redemption Period After a Foreclosure?
  A: In some cases redemption is allowed after a foreclosure sale. However, a lender can choose to pursue a foreclosure without the right of redemption. If a … More
• Q: Where and When do Foreclosure Sales Take Place in Iowa?
  A: Iowa property foreclosures occur by public auction which must take place between the hours of 9 am and 4 pm. However, bids for the property must be received by … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in Iowa?
  A: A foreclosure of Iowa property begins when the lender files a complaint in state court. The complaint is a form of notice to the public that the lender intends … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Iowa?
  A: Yes, unless the parties make an agreement otherwise, an Iowa lender may sue a borrower to obtain any amounts still owed on the mortgage after the proceeds from a … More
• Q: How Can a Lender Foreclose on a Property in Iowa?
  A: If an Iowa lender wants to foreclose on an Iowa property then the lender must sue the borrower in court and obtain a decree of sale. The public notice and sale … More
• Q: How Long Does the Typical Foreclosure Process Take in Iowa?
  A: Most foreclosures on Iowa property take about 5 or 6 months to complete. Iowa is a judicial foreclosure state. Therefore, all foreclosures occur through the … More
• Q: Can I Keep My Home If I File Bankruptcy in Iowa?
  A: Yes, as long as you make any remaining mortgage payments on time. Iowa is one of the few states that allow a full exemption for the equity that you own in your … More

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