Legal Opinion
Federal Land Bank of Omaha v. Sleister
Supreme Court of Iowa
Decided August 16, 1989No. 88-1001PublishedCited by 7 opinions
1Opinion of the Court
LARSON, Justice.
In April 1983, Larry K. Sleister and Patricia A. Sleister mortgaged their 120-acre Guthrie County farm to the Federal Land Bank of Omaha. In March 1986, Sleisters filed a chapter 7 petition in bankruptcy, but the trustee abandoned any claim to the land. In August 1987, Federal Land Bank filed a foreclosure action, and a receiver was appointed.
A summary judgment of foreclosure was entered on February 1, 1988, and a sheriff’s sale of the whole 120 acres was scheduled for June 2, 1988. On May 13, 1988, Sleisters filed a motion to determine the fair market value of the forty acres…
2Cases cited3 opinions
- Federal Land Bank of Omaha v. ArnoldSupreme Court of Iowa · 1988
- Jones v. Iowa State Highway Commission Ex Rel. StateSupreme Court of Iowa · 1966
- Hawkeye Bank & Trust N.A. v. MilburnSupreme Court of Iowa · 1989
3Cited by7 opinions
- Rural Water System 1 v. City of Sioux CenterDistrict Court, N.D. Iowa · 1997
- Olympus Aluminum Products, Inc. v. Kehm Enterprises, Ltd.District Court, N.D. Iowa · 1996
- Prudential Insurance Co. of America v. Rand & Reed Powers PartnershipDistrict Court, N.D. Iowa · 1997
- S.E. Iowa Cooperative Electric Ass'n v. Iowa Utilities BoardSupreme Court of Iowa · 2001
- Federal Land Bank of Omaha v. BryantSupreme Court of Iowa · 1989
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