Indiana § 24-5.5-5-4 Foreclosure purchasers; duties to homeowners

Indiana Statutes

§ 24-5.5-5-4 — Foreclosure purchasers; duties to homeowners

Indiana § 24-5.5-5-4

Art. 5.5MORTGAGE RESCUE PROTECTION FRAUD

Ch. 5Limitations on Foreclosure Consultants and Foreclosure

This text of Indiana § 24-5.5-5-4 (Foreclosure purchasers; duties to homeowners) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-5.5-5-4 (2026).

Text

A foreclosure purchaser shall:

(1)ensure that title to real property has been reconveyed to the homeowner in a timely manner if the terms of a foreclosure reconveyance agreement require a reconveyance; or

(2)if the real property subject to a foreclosure reconveyance agreement is sold within eighteen (18) months after entering into the foreclosure reconveyance agreement, make payment to the homeowner not later than ninety (90) days after the resale of the real property in an amount equal to at least sixty-six percent (66%) of the net proceeds from the resale of the property.

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A foreclosure purchaser shall:
(1) ensure that title to real property has been reconveyed to the
homeowner in a timely manner if the terms of a foreclosure
reconveyance agreement require a reconveyance; or
(2) if the real property subject to a foreclosure reconveyance
agreement is sold within eighteen (18) months after entering into
the foreclosure reconveyance agreement, make payment to the
homeowner not later than ninety (90) days after the resale of the
real property in an amount equal to at least sixty-six percent
(66%) of the net proceeds from the resale of the property.