Indiana § 36-9-36-49 Sale of property following foreclosure action; amount

Indiana Statutes

§ 36-9-36-49 — Sale of property following foreclosure action; amount

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 36 Barrett Law Funding for Counties and Municipalities

(a)The property upon which the assessment is placed may not be sold for less than the amount of the assessment, attorney's fees, and costs. The proceeds of the sale shall be distributed as provided in this chapter.

(b)If the property sells for an amount greater than the amount necessary to pay the principal, interest, attorney's fees, and costs, the excess amount shall be paid to the property owner or party lawfully entitled to that excess amount.

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(a) The property upon which the assessment
is placed may not be sold for less than the amount of the assessment,
attorney's fees, and costs. The proceeds of the sale shall be distributed
as provided in this chapter.
(b) If the property sells for an amount greater than the amount
necessary to pay the principal, interest, attorney's fees, and costs, the
excess amount shall be paid to the property owner or party lawfully
entitled to that excess amount.

Indiana § 36-9-36-49 (Sale of property following foreclosure action; amount) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.