Indiana Code 32-29-8-3. Good faith purchaser at judicial sale
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Sec. 3. A person who:
(2) buys the mortgaged premises or any part of the mortgaged premises without actual notice of an assignment that is not of record;
(1) purchases a mortgaged premises or any part of a mortgaged premises under the court’s judgment or decree at a judicial sale or who claims title to the mortgaged premises under the judgment or decree; and
Terms Used In Indiana Code 32-29-8-3
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Lien: A claim against real or personal property in satisfaction of a debt.
holds the premises free and discharged of the lien.
[Pre-2002 Recodification Citation: 32-8-17-1 part.]
As added by P.L.2-2002, SEC.14. Amended by P.L.130-2012, SEC.6; P.L.189-2013, SEC.2.