Iowa Supreme Court overturns foreclosure after lender failed to notify a co-owner of the default
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In a landmark decision, the Iowa Supreme Court determined that Lynae D McMillen Dickey Tesdall, a co-owner of a property, must receive notice before any foreclosure actions can proceed. Despite not signing the promissory note, she was listed as a borrower in the mortgage. While absent, missed payments accumulated, and Wells Fargo neglected to inform her of the ongoing overdue amount.
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