654.23 No redemption rights after sale. The mortgagor has no right to redeem after sale. Junior lienholders have no right to redeem after sale. The mortgagee or a junior lienholder may purchase at the sale and, if so, acquirethe same title as would any other purchaser other than the mortgagor. If the mortgagor atthe sale bids an amount equal to the judgment, the property shall be sold to the mortgagoreven though other persons may bid an amount which is more than the judgment. If themortgagor purchases at the sale, the liens of junior lienholders shall not be extinguished. Ifa person other than the mortgagor purchases at the sale, the liens of junior lienholders areextinguished. 87 Acts, ch 142, §9; 2016 Acts, ch 1073, §177Referred to in §654.20 Sat Dec 23 12:22:11 2023 Iowa Code 2024, Section 654.23 (21, 0)
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