Terms Used In Indiana Code 32-29-7-13

  • 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
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
   Sec. 13. There may not be a redemption from the foreclosure of a mortgage executed after June 30, 1931, on real estate except as provided in this chapter and in IC 32-29-8.

[Pre-2002 Recodification Citation: 32-8-16-9.]

As added by P.L.2-2002, SEC.14. Amended by P.L.130-2012, SEC.4.