Title issue
Laura McCann/IowaBar
Thursday January 18, 2007 07:41


----- Message from "DeWald, Maureen" <mdewald@Aegonusa.com> on Tue, 31 Jan 2006 10:44:01 -0600 -----
To:
"MARK HANSON" <hanson@whitfieldlaw.com>, <brent@bzlaw-ia.com>, <realestate@iabar.org>
Subject:
RE: Title issue

I agree with Mark.  Would there be any notice requirements to those
creditors of record re the forfeiture?

-----Original Message-----
From: realestate-owner@iabar.org
mailto:realestate-owner@iabar.org On
Behalf Of MARK HANSON

Sent: Tuesday, January 31, 2006 10:37 AM

To: brent@bzlaw-ia.com; realestate@iabar.org

Subject: Re: Title issue

I say judgments against B do not attach to the property.
The power to forfeit rests with A.  A forfeits everything below him.

There would be no difference than if B had not sold to C.   The judgment

creditor against B could have no  greater rights than he had if B still

held the contract and was forfeited.  

Different result with deed in satisfaction given to C as assignee.  I
think then it would depend on when the judgments against B were rendered

as compared to the period of time B held the contract.  

Mark Hanson

     
 

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