Legal Question in Real Estate Law in Iowa

I have a lien on a house that has been sold at a fire sale for substantially less than the amount owed. The buyer was the bank that holds the original note (the bank bought it back). Will I ever see my money? And if so, what do I do?


Asked on 9/18/09, 2:37 am

1 Answer from Attorneys
Robert Luedeman solo practitioner

There are a couple of things going on that require more information. Did the bank foreclose the mortgage? Did the owner declare bankruptcy? When was the lien filed? What kind of lien is it? These matters can affect the validity of your lien.

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Answered on 9/18/09, 12:22 pm


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