(a)Notice that the mortgage will be foreclosed by a sale
of the mortgaged premises, or some part of them, shall be given
by publishing the notice for four (4) consecutive weeks, at
least once in each week, in a newspaper printed in the county
where the premises included in the mortgage and intended to be
sold, or some part of them, are situated, if there be one; and
if no newspaper be printed in the county, then notice shall be
published in a paper printed in the state and of general
circulation in the county. Prior to first date of publication,
a copy of the notice shall be served by certified mail with
return receipt requested upon the record owner, the person in
possession of mortgaged premises, if different than the record
owner, and all holders of recorded mortgages and liens
subordi
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(a) Notice that the mortgage will be foreclosed by a sale
of the mortgaged premises, or some part of them, shall be given
by publishing the notice for four (4) consecutive weeks, at
least once in each week, in a newspaper printed in the county
where the premises included in the mortgage and intended to be
sold, or some part of them, are situated, if there be one; and
if no newspaper be printed in the county, then notice shall be
published in a paper printed in the state and of general
circulation in the county. Prior to first date of publication,
a copy of the notice shall be served by certified mail with
return receipt requested upon the record owner, the person in
possession of mortgaged premises, if different than the record
owner, and all holders of recorded mortgages and liens
subordinate to the mortgage being foreclosed, which appear of
record at least twenty-five (25) days before the scheduled
foreclosure sale. The notice shall be sent to the last known
address for the addressee, which shall be the address set forth
in the mortgage or lien filed of record unless another address
has been recorded in the real estate records or has been
provided to the foreclosing mortgagee or lienholder. Proof of
compliance with this section shall be made by affidavit of an
authorized representative of the foreclosing mortgagee or
lienholder. A person or entity who acts in reliance upon the
affidavit without knowledge that the representations contained
therein are incorrect shall not be liable to any person for so
acting and may assume without inquiry the existence of the facts
contained in the affidavit.
(b) If there are sale proceeds in excess of the amount
necessary to pay the foreclosing mortgagee, judgment creditor or
other lienor in full, then within ten (10) business days
following the sale of real estate by foreclosure, the
foreclosing mortgagee or lienholder shall serve a copy of the
sale results to the record owner of the mortgaged premises and
all holders of recorded mortgages and liens subordinate to the
mortgage or lien being foreclosed. Sale results shall be sent
by certified mail with return receipt requested to the last
known address for the addressee, which shall be the address set
forth in the mortgage or lien filed of record unless another
address has been recorded in the real estate records or has been
provided in writing to the foreclosing mortgagee or lienholder.
The sale results shall include the amount due the foreclosing
mortgagee or lienholder as of the date of sale, the name of the
successful bidder and the amount of the successful bid. If the
certificate of sale awarded to the successful bidder includes
the required information, the foreclosing mortgagee or
lienholder may comply with this section by serving a copy of the
certificate of sale.