Iowa Final Notice of Forfeiture and Request to Vacate Property under Contract for Deed 2025

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The legal system will enforce an agreement or contract if it is supported by good and sufficient consideration. This means that in order for you to enforce a contract involving a promise made to you, you must show that you gave or promised something in exchange for that promise.
Overview. A contract for deed is a private agreement between a landowner (a seller) and a buyer that allows the buyer to purchase land over time without a traditional bank mortgage loan. Generally, the buyer agrees to pay for the land through a series of installment payments made over a number of years.
If the seller believes the buyer is violating the land contracts terms, this is called a default. Iowa Code 656.2 requires the lender to give the borrower a thirty-day written Notice of Forfeiture of Real Estate Contract before the seller can forfeit the land contract.
Forfeiture, under the terms of a contract, refers to the requirement by the defaulting party to give up ownership of an asset, or cash flows from an asset, as compensation for the resulting losses to the other party.
558.31 Proof of execution and delivery in lieu of acknowledgment. 558.32 Contents of certificate.
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