Iowa Supreme Court rules co-owner must be notified before foreclosure proceeds
The Iowa Supreme Court has ruled that a co-owner of a property must receive notice before foreclosure actions can move forward. The case involves Lynae D. McMillen Dickey Tesdall, who was named as a borrower on the mortgage even though she did not sign the promissory note. While she was not involved in the loan, payments fell behind over time. Wells Fargo did not inform her about the growing overdue balance. The decision was hailed as a landmark ruling in her favor on appeal.
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