Iowa Foreclosures - 30,491 Foreclosure Listings

Foreclosure Homes in Iowa

There are currently foreclosed homes listed in Iowa. Why should you consider buying a foreclosure property in Iowa? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Iowa when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Iowa, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Iowa that you want to look for a property below. Then search through all distressed real estate listings in Iowa for the amazing deal that’s right for you.

Iowa Foreclosure Laws

Iowa primarily uses judicial foreclosure, meaning the lender must file a case in court. Most loans are secured by mortgages. The process often takes many months from filing to sale because of required notices and court schedules. Some redemption rights may exist after sale in certain situations, and deficiency balances may also be pursued.

Foreclosure Type Process

Judicial (with redemption)
Mortgage Instrument Security Type

Mortgage. Deeds of trust are not standard.
Typical Timeline Duration

6-12 months typical
Deficiency Judgment

Deficiency waived if lender elects foreclosure without redemption
Redemption Period Owner Rights

Redemption usually 6-12 months.
Process Summary

Iowa uses judicial foreclosure. Borrowers often have redemption rights unless waived, which can extend the timeline before sale.
Notice / Timing Statute

Iowa Code § 654.1 et seq. (judicial foreclosure process)
Redemption Statute(s)

Iowa Code § 628.3, § 628.26 (redemption period 6 months to 1 year)
Deficiency Statute(s)

Iowa Code § 654.26 (deficiency waived if no redemption right)

How to Buy a Foreclosure in Iowa

In Iowa, identify foreclosure properties by reviewing county sheriff' sale notices, MLS, and local publications. Iowa' judicial foreclosures include redemption periods, so understand applicable timelines. Secure your financing upfront. Conduct title and condition research. Participate in the sheriff' sale or negotiate with the lender for an REO sale.

What type of foreclosure is used in Iowa?

The type of foreclosure in Iowa is Judicial (with redemption)

Is there a redemption period in Iowa?

Redemption usually 6-12 months.

Are deficiency judgments allowed in Iowa?

Deficiency waived if lender elects foreclosure without redemption in Iowa

How do you buy a foreclosure in Iowa?

In Iowa, identify foreclosure properties by reviewing county sheriff' sale notices, MLS, and local publications.