A lender may serve a judgment creditor in a foreclosure action with notice in substantially the following form advising the creditor that the property that isthe subject of the foreclosure action shall be foreclosed and describing the creditor’s interest in the action and that unless such creditor intervenes in the foreclosure action such creditor shall lose the creditor’s interest in the mortgaged property. Unless the creditor intervenes within thirty days of the service of notice, the court may adjudicate the creditor’s rights against the property as ifthe creditor had been added as a defendant and default had been entered against the defendant. Ifa creditor cannot be located for personal service, the plaintiff may, at any time prior to sixty days before the date of trial,amend the petition as a matter of right to add the creditor as a defendant for service by publication as provided by rule. The notice prescribed by this section isas follows: To: (Name and address of creditor) Date: (Enter date) (Name of foreclosing party) has filed a foreclosure of mortgage against the property of (titleholder) located at (street address of property) which is legally described as (legal description). This foreclosure was filed as (Plaintiff v. Defendant), Case # (........), in the Iowa District Court for (............................)Countyandis intended to foreclose a mortgage dated (date of mortgage) and recorded on (date of recording) in the (county recorder’s office). You have an apparent interest in the property because of an apparent judgment lien in (short caption of case, case number, court where judgment entered, and judgment date). If you desire to protect this interest, you have the right to intervene in the foreclosure action within thirty days of the service of notice by filing an intervention with the clerk of court in (............................) County. Unless you intervene in the foreclosure, the foreclosure may eliminate any interest you have in the property but will not otherwise affect your rights. If you have any questions about this notice, contact your attorney. Whether or not you intervene, the foreclosure may have certain tax consequences to you about which you should consult your tax advisor. ................................................................................ Name, address, and telephone number of attorney representing (name of foreclosing party).
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