Indiana § 36-9-36-55 Foreclosure sales; irregularities; redemption

Indiana Statutes

§ 36-9-36-55 — Foreclosure sales; irregularities; redemption

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

(a)An irregularity or error in making a foreclosure sale under this chapter does not make the sale ineffective, unless the irregularity or error substantially prejudiced the property owner.

(b)A property owner has two (2) years from the date of sale in which to redeem the owner's property. The property owner may redeem the owner's property by paying the principal, interest, and costs of the judgment, plus interest on the principal, interest, and costs at the rate prescribed by IC 6-1.1-37-9(b).

(c)If the property is not redeemed, the sheriff shall execute a deed to the purchaser. The deed relates back to the final letting of the contract for the improvement and is superior to all liens, claims, and interests, except liens for taxes.

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(a) An irregularity or error in making a
foreclosure sale under this chapter does not make the sale ineffective,
unless the irregularity or error substantially prejudiced the property
owner.
(b) A property owner has two (2) years from the date of sale in
which to redeem the owner's property. The property owner may redeem
the owner's property by paying the principal, interest, and costs of the
judgment, plus interest on the principal, interest, and costs at the rate
prescribed by IC 6-1.1-37-9(b).
(c) If the property is not redeemed, the sheriff shall execute a deed
to the purchaser. The deed relates back to the final letting of the
contract for the improvement and is superior to all liens, claims, and
interests, except liens for taxes.

Indiana § 36-9-36-55 (Foreclosure sales; irregularities; redemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.