In Iowa, after the Foreclosure Certificate is filed and returned how long before the sale of the house?
Oct 25, 2009 in
Law & Ethics
Crystal L
In Iowa, after the Foreclosure Certificate is filed and returned how long before the sale of the house?
In Iowa, after the Foreclosure Certificate is filed and returned how long before the sale of the house?
My husband’s ex-wife’s house is being foreclosed on. The clerks certificate of foreclosure has been filed and is on record. We are in the state of Iowa. We are trying to find out when the house will actually be sold at auction. We are wanting to know so we will know when the kids will have to be moving and etc.
Thanks,
Crystal L.
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2 comments
Stef on October 28, 2009 at 8:30 am
This is state specific but on average the redemption period is about a year. The occupant can stay in the house the whole time and they can buy it back durring that year if they find the financing. If they can’t find financing in that year only then can they actualy get booted from the house.
A whole year mortgage payment free, not a bad deal to get back on your feet. Forclosures look pretty bad on credit though and unless they have a ton of equity almost no mortgage company will help.
Hope that answers your question.
sgt_k on October 29, 2009 at 5:53 am
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