HOA Liens and Foreclosure in Iowa
Whether a homeowners or condo association can foreclose on its lien for unpaid dues in Iowa, and the limits.
Short answer: Yes, for condominiums. Unpaid common expenses on a condominium apartment are a lien that is prior to other liens except tax liens and amounts unpaid on a recorded first mortgage, and the council of co-owners may foreclose it by suit like a mortgage. Iowa Code § 499B.17
| HOA liens and foreclosure | Yes, for condominiums. Unpaid common expenses on a condominium apartment are a lien that is prior to other liens except tax liens and amounts unpaid on a recorded first mortgage, and the council of co-owners may foreclose it by suit like a mortgage. In a foreclosure, the owner must pay reasonable rent for the unit. Source: Iowa Code § 499B.17 |
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More Iowa foreclosure & homeowner law
- How Foreclosure Works in Iowa
- Redemption and Deficiency Judgments in Iowa
- Getting Your Home Back After a Tax Sale in Iowa
- All Iowa foreclosure & homeowner law rules
FAQ
Can an HOA foreclose on your home in Iowa?
Yes, for condominiums. Unpaid common expenses on a condominium apartment are a lien that is prior to other liens except tax liens and amounts unpaid on a recorded first mortgage, and the council of co-owners may foreclose it by suit like a mortgage. In a foreclosure, the owner must pay reasonable rent for the unit.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.