Iowa § 655A.8 Effect of foreclosure — reopening

Iowa Statutes

§ 655A.8 — Effect of foreclosure — reopening

Iowa § 655A.8

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 655ANONJUDICIAL FORECLOSURE OF NONAGRICULTURAL MORTGAGES

This text of Iowa § 655A.8 (Effect of foreclosure — reopening) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 655A.8 (2026).

Text

Upon completion of the filings required under section 655A.7 and if no rejection of notice has been filed pursuant to section 655A.6, then without further act or deed:

1.The mortgagee acquires and succeeds to all interest of the mortgagor in the real estate.

2.All liens which are inferior to the lien of the foreclosed mortgage are extinguished.

3.The indebtedness secured by the foreclosed mortgage is extinguished. 3 NONJUDICIAL FORECLOSURE OF NONAGRICULTURAL MORTGAGES, §655A.9

4.If, after completion of the filings required under section 655A.7, it appears that a junior lienholder was not properly served with a notice pursuant to section 655A.3, the mortgagee may serve the lienholder with an amended notice specifying the provisions of the mortgage currently in default. Unless, within th

Free access — add to your briefcase to read the full text and ask questions with AI

Upon completion of the filings required under section 655A.7 and if no rejection of notice
has been filed pursuant to section 655A.6, then without further act or deed:
1. The mortgagee acquires and succeeds to all interest of the mortgagor in the real estate.
2. All liens which are inferior to the lien of the foreclosed mortgage are extinguished.
3. The indebtedness secured by the foreclosed mortgage is extinguished.
3 NONJUDICIAL FORECLOSURE OF NONAGRICULTURAL MORTGAGES, §655A.9
4. If, after completion of the filings required under section 655A.7, it appears that a junior
lienholder was not properly served with a notice pursuant to section 655A.3, the mortgagee
may serve the lienholder with an amended notice specifying the provisions of the mortgage
currently in default. Unless, within thirty days, the junior lienholder performs pursuant
to section 655A.5, the mortgagee may file a supplemental affidavit indicating service and
nonperformance to extinguish the lien.
5. A foreclosure under this chapter shall not bar a mortgagee or its successor in interest
from action under chapter 654 to resolve matters which have not been resolved under this
chapter.