Indiana Code 24-5.5-2-3. “Foreclosure purchaser”
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Terms Used In Indiana Code 24-5.5-2-3
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
Sec. 3. “Foreclosure purchaser” means a person who purchases real property in a foreclosure proceeding.
As added by P.L.209-2007, SEC.2.