Iowa Code 633.390 – Sale subject to mortgage
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Terms Used In Iowa Code 633.390
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- property: includes personal and real property. See Iowa Code 4.1
633.390 Sale subject to mortgage.
When a claim is secured by a mortgage on property, the court may, with the consent of the mortgagee, order the sale of the property subject to the mortgage, and such consent shall release the estate should a deficiency later appear.
[C66, 71, 73, 75, 77, 79, 81, §633.390]
When a claim is secured by a mortgage on property, the court may, with the consent of the mortgagee, order the sale of the property subject to the mortgage, and such consent shall release the estate should a deficiency later appear.
[C66, 71, 73, 75, 77, 79, 81, §633.390]