626.85 - FAILURE OF PURCHASER TO PAY -- OPTIONAL PROCEDURE. - Iowa Statutes

626.85 FAILURE OF PURCHASER TO PAY -- OPTIONAL PROCEDURE. When the purchaser fails to pay the money when demanded, the judgment holder or the holder's attorney may elect to proceed against the purchaser for the amount; otherwise the sheriff shall treat the sale as a nullity, and may sell the property on the same day, or after postponement as above authorized.          Section History: Early Form [C51, § 1913; R60, § 3320; C73, § 3089; C97, § 4033; C24, 27, 31, 35, 39, § 11733; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 626.85]