IOWA JUDICIAL FORECLOSURE OVERVIEW
Lender/Servicer sends all applicable breach and/or pre-foreclosure letters prior to referral
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Cure Notice/Breach Letter |
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Delinquency Breakdown |
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Pre-Foreclosure Notice (if any)
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Note* |
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Mortgagor(s) Name and Address
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Mortgage* |
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Mortgagor(s) SSN |
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Assignment(s) (if any)* |
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Property Address |
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Property Occupancy Status |
* |
original documents required at Decree/judgment |
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Optimal Timeline Days
| File Opened; Title Ordered |
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1 / 1 |
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| Conflict checks; Pacer/SCRA searches; 14-day letter to mortgagor; review of collateral documents; title ordered |
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| First Legal/Petition Filed; Service Initiated |
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20 / 20 |
| Title received/examined; missing assignment(s) identified; Petition filed naming mortgagors and lienholders as defendants; personal service initiated on all defendants
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| Service Complete; Hearing / Judgment/Decree Pending
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45 / 75 |
| Publication requird for any defendants not personally served which may extend timeline by approximately 30 days; Defendants have 20, 30 or 60 day answer period and once service has expired, a 10-day Notice of Default is sent to all parties not appearing |
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| Hearing Sheduled; Judgment/Decree Filed
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45 / 75 |
| Default judgment submitted to Court upon service/NOD expiration if matter is not contested; hearing may be required if any defendants answer which may extend timeline by approximately 30 days
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| Execution; Sheriff's Sale |
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40 / 200 |
| Execution filed with judgment or to coincide with expiration of delay of sale (borrower may file a six-month demand for delay of sale which is routinely granted by the court and may extend timeline by approximately 200 days); Sale scheduled by Sheriff |
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150 / 370 |
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| *The Firm adheres to all applicable timelines and fee schedules for VA, FHA, FNMA and FHLMC loans |
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