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U.S. BANK NAT. ASS'N v. LAMB

No. 14-1536.

874 N.W.2d 112 (2016)

U.S. BANK NATIONAL ASSOCIATION, as Trustee in Trust for SASCO 2006-BC3 Trust Fund, Appellee, v. Jereme L. LAMB; Bank of America, N.A.; Nationstar Mortgage, LLC; State of Iowa, Department of Revenue; U.S. Bank National Association, as Trustee for the C-Bass Mortgage Loan Asset-Backed Certificates, Series 2006-SL1, Defendants, and Cathy R. Callen, Appellant.

Supreme Court of Iowa.

January 29, 2016.

Attorney(s) appearing for the Case

David A. Morse of Rosenberg & Morse, Des Moines, for appellant.

David W. Nelmark of Belin McCormick, P.C., Des Moines, and Benjamin W. Hopkins of Petosa, Petosa & Boecker, L.L.P., Clive, for appellee.

Patrick B. Bauer , Iowa City, for amicus curiae.

In this case, we are called upon to determine the rights of a mortgagee and a mortgagor when the mortgagee obtained a decree of foreclosure in February 2010, filed a notice of rescission in March 2012, and filed a subsequent petition seeking foreclosure in October 2013. The mortgagor asserts that under Iowa Code section 615.1 the...

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