Willow Tree Investments, Inc. v. Wilhelm

ANDREASEN, Justice.

The United States Court of Appeals for the Eighth Circuit has certified the following question:

Do the periods of limitation or repose provided in Iowa Code Ann. § 614.21 (West 1950) apply so as to preclude an action between mortgagor and mortgagee to foreclose a mortgage dated more than twenty years before the commencement of the action for foreclosure, where extension agreements concerning the underlying indebtedness were executed between the mortgagor and mortgagee, but were not recorded?

When addressing a certified question, we restrict our answer to the facts provided…