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Indiana Foreclosure Law

HomeForeclosuresIndiana Foreclosure Law
Indiana Foreclosure Law
Posted by admin |

The Indiana Foreclosure laws allow lenders to seek legal remedy against defaulting borrowers through judicial foreclosure.

  • The judicial foreclosure is triggered with the filing of a lawsuit in the Indiana court.
  • It is applicable in cases where the Deed of Trust or mortgage does not have a power of sale clause.
  • The court will consider the facts of the case and issue a foreclosure.
  • There will be considerable time interval between the date of foreclosure and the date of sale of the property.
  • Lenders can use such interval to advertise the property for sale to fetch a deserving market price.
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