Indiana § 32-30-10-12 Sale of property in parcels

Indiana Statutes

§ 32-30-10-12 — Sale of property in parcels

Indiana·Title 32 PROPERTY·Art. 30 CAUSES OF ACTION CONCERNING REAL·Ch. 10 Mortgage Foreclosure Actions

(a)In cases under this chapter, the court shall ascertain whether the property can be sold in parcels. If the property can be sold in parcels without injury to the interest of the parties, the court shall direct that only as much of the premises be sold as will be sufficient to pay the amount due on the mortgage, with costs, and the judgment shall remain and be enforced upon any subsequent default, unless the amount due is paid before execution of the judgment is completed.

(b)If the mortgaged premises cannot be sold in parcels, the court shall order the whole mortgaged premises to be sold. [Pre-2002 Recodification Citations: 32-15-6-9; 32-15-6-10.]

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(a) In cases under this chapter, the court
shall ascertain whether the property can be sold in parcels. If the
property can be sold in parcels without injury to the interest of the
parties, the court shall direct that only as much of the premises be sold
as will be sufficient to pay the amount due on the mortgage, with costs,
and the judgment shall remain and be enforced upon any subsequent
default, unless the amount due is paid before execution of the judgment
is completed.
(b) If the mortgaged premises cannot be sold in parcels, the court
shall order the whole mortgaged premises to be sold.
[Pre-2002 Recodification Citations: 32-15-6-9;
32-15-6-10.]

Indiana § 32-30-10-12 (Sale of property in parcels) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.