Indiana § 9-22-1.5-5 Results of auction

Indiana Statutes

§ 9-22-1.5-5 — Results of auction

Indiana § 9-22-1.5-5

Title 9MOTOR VEHICLES

Art. 22ABANDONED, SALVAGED, AND SCRAP

Ch. 1.5Abandoned Mobile Homes

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Bluebook

Ind. Code § 9-22-1.5-5 (2026).

Text

(a)Upon payment of the bid price by the purchaser, the landowner shall provide the purchaser with the affidavit of sale or disposal described in this chapter.

(b)If the auction produces a purchaser, notwithstanding IC 6-1.1-23, the landowner shall distribute the amount of the bid price received from the purchaser in the following order of priority:

(1)Reasonable attorney's fees incurred by the landowner for the sale of the mobile home.

(2)Amounts owed to creditors known to have a lien or security interest on the mobile home, according to the priorities of the creditors' respective security interests.

(3)Delinquent taxes, including any associated penalties, interest, or collection expenses, that are attributable to the mobile home as of the date of sale. If the amount of the bid price

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(a) Upon payment of the bid price by the
purchaser, the landowner shall provide the purchaser with the affidavit
of sale or disposal described in this chapter.
(b) If the auction produces a purchaser, notwithstanding IC 6-1.1-23, the landowner shall distribute the amount of the bid price
received from the purchaser in the following order of priority:
(1) Reasonable attorney's fees incurred by the landowner for the
sale of the mobile home.
(2) Amounts owed to creditors known to have a lien or security
interest on the mobile home, according to the priorities of the
creditors' respective security interests.
(3) Delinquent taxes, including any associated penalties, interest,
or collection expenses, that are attributable to the mobile home as
of the date of sale.
If the amount of the bid price received from the purchaser exceeds the
sum of the items described in subdivisions (1) through (3), the
landowner may retain the remaining amount.
(c) If the auction produces no purchaser, the mobile home becomes
the property of the landowner, and the landowner shall note that fact on
the affidavit of sale or disposal.
(d) If the landowner wishes to donate the mobile home to any
willing donee, a landowner who has obtained ownership of a mobile
home under this section may transfer ownership to a willing donee by
listing the donee as the purchaser on the affidavit of sale or disposal.
(e) If the auction produces no purchaser and the landowner does not
intend to sell or transfer the mobile home to another person, the
landowner may, without further administrative application, dismantle
the unit for salvage or disposal.
(f) A landowner or willing donee who obtains ownership of a mobile
home under this section has the same right of ownership as a purchaser
who was the highest bidder at auction.
(g) Within thirty (30) days after the auction is held, the landowner
shall submit the following to the county treasurer:
(1) A copy of the affidavit of sale or disposal.
(2) The amount, if any, to be distributed under subsection (b)(3),
if the auction produced a purchaser.