Iowa § 657A.7 Priority of receiver’s mortgage

Iowa Statutes

§ 657A.7 — Priority of receiver’s mortgage

Iowa § 657A.7

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 657AABANDONED OR UNSAFE BUILDINGS — ABATEMENT BY REHABILITATION

This text of Iowa § 657A.7 (Priority of receiver’s mortgage) 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 § 657A.7 (2026).

Text

1.If the receiver’s mortgage is filed of record in the office of the county recorder of the countyinwhichthepropertyislocatedwithinsixtydaysoftheissuanceofasecurednote, the §657A.7, ABANDONED OR UNSAFE BUILDINGS — ABATEMENT BY REHABILITATION 6 receiver’s mortgage is a first lien upon the property and is superior to claims of the receiver and to all prior or subsequent liens and encumbrances except taxes and assessments, including taxes and assessments advanced by any mortgagee in the twelve-month period immediately preceding the date a petition is filed pursuant to section 657A.2. Priority among the receiver’s mortgages is determined by the order in which the mortgages are recorded.

2.The creation of a mortgage lien under this chapter prior to or superior to a mortgage of record at the t

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1. If the receiver’s mortgage is filed of record in the office of the county recorder of the
countyinwhichthepropertyislocatedwithinsixtydaysoftheissuanceofasecurednote, the
§657A.7, ABANDONED OR UNSAFE BUILDINGS — ABATEMENT BY REHABILITATION 6
receiver’s mortgage is a first lien upon the property and is superior to claims of the receiver
and to all prior or subsequent liens and encumbrances except taxes and assessments,
including taxes and assessments advanced by any mortgagee in the twelve-month period
immediately preceding the date a petition is filed pursuant to section 657A.2. Priority among
the receiver’s mortgages is determined by the order in which the mortgages are recorded.
2. The creation of a mortgage lien under this chapter prior to or superior to a mortgage
of record at the time the receiver’s mortgage lien was created does not disqualify a prior
recorded mortgage as a legal investment.
3. If a mortgagee of the receiver’s mortgage begins foreclosure procedures pursuant to
chapter 655A and an interested party desires to pay off the mortgage loan, the interested
party shall also pay the mortgagee’s reasonable costs and attorney fees.