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FEDERAL LAND BANK OF OMAHA v. LOCKARD

No. 88-1332.

446 N.W.2d 808 (1989)

FEDERAL LAND BANK OF OMAHA, Appellee, v. Richard A. LOCKARD and Christina M. Lockard, Appellants.

Supreme Court of Iowa.

Rehearing Denied November 22, 1989.

Attorney(s) appearing for the Case

Peter C. Riley, Cedar Rapids, for appellants.

Dale L. Putnam, Decorah, for appellee.

Considered by McGIVERIN, C.J., and LARSON, LAVORATO, NEUMAN and ANDREASEN, JJ.

LARSON, Justice.

This case involves the collectibility of a deficiency judgment in favor of Federal Land Bank of Omaha (the land bank) following a sheriff's sale of land previously owned by Richard and Christina Lockard. Lockards claim the land bank lost its right to collect the deficiency judgment by waiting more than two years after the entry of the judgment. See Iowa Code § 615.1 (1987). The land bank responds that it had not attempted to enforce the...

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