Ask a real estate law question, get an answer ASAP!
Thousands of highly rated, verified real estate lawyers.
Specialties include: All Real Estate Law, Landlord and Tenant Law, Foreclosure, Homeowners' Association, Trespassing, Property Law, General Legal and more.
Click here to chat with a lawyer about your rights.

Terms Used In Iowa Code 654.12

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • property: includes personal and real property. See Iowa Code 4.1
654.12 Vendee deemed mortgagor.
The vendee shall in such cases, for the purpose of the foreclosure, be treated as a mortgagor
of the property purchased, and the vendee’s rights may be foreclosed in a similar manner. [C51, §2095; R60, §3672; C73, §3330; C97, §4298; C24, 27, 31, 35, 39, §12383; C46, 50, 54,
58, 62, 66, 71, 73, 75, 77, 79, 81, §654.12]