Legal Opinion
Federal Land Bank of Omaha v. Bryant
Supreme Court of Iowa
Decided September 25, 1989No. 88-1837PublishedCited by 5 opinions
1Opinion of the Court
LARSON, Justice.
This is another unfortunate case of a foreclosure on a family farm. Bill and Marlyss Bryant, former owners of a 120-acre farm in Cherokee County, designated 4.58 acres of land as their homestead for separate redemption purposes. See Iowa Code § 654.16 (1986), as amended by 1987 Iowa Acts ch. 142, §§ 4, 5. Disputes arose between Bryants and the Federal Land Bank of Omaha (the land bank), which had purchased the homestead at sheriff’s sale, regarding the amount necessary to redeem. The district court' determined the fair market value, for redemption purposes, to be $55,000 and…
2Cases cited2 opinions
- Federal Land Bank of Omaha v. SleisterSupreme Court of Iowa · 1989
- Waterloo Savings Bank v. CarpenterSupreme Court of Iowa · 1943
3Cited by5 opinions
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- Prudential Insurance Co. of America v. Rand & Reed Powers PartnershipDistrict Court, N.D. Iowa · 1997
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