In Iowa, the judicial foreclosure process requires that the sale of the property in suit be posted in three public locations within the county. The property must also be posted in newsprint twice within the county the property reside with the first posting at least four weeks prior to the sale and the second sometime prior to the date of sale. If the borrower is still occupying the residence, they must be informed of the date of sale at least 20 days prior to date of sale.

The date and time of the sale must be clearly visible in all postings and the sale must be held between the hours of 9 am and 4 pm. If for any reason the sale of the property is postponed for more then three days the public notification procedures must start anew.

If you are a homeowner in Iowa, facing foreclosure, you have the option to avoid foreclosure by voluntarily surrendering the property. If the lender accepts the surrender, the borrower must give over immediate possession or access to the property but lose all rights to file any form of deficiency judgment against the borrower. The borrower signs a “disclosure of notice and cancellation” and both the borrower and lender must file a joint executed document with the county recorders office stating that have opted to utilize the voluntary foreclosure procedures.

If you live in Iowa and are facing foreclosure, 1st Foreclosure Prevention can help you work with you lender to stop the foreclosure process and help you to save your home.