Indiana Code 6-1.1-24-12. Priority of purchaser’s lien at subsequent sale
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Terms Used In Indiana Code 6-1.1-24-12
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
style=”font-size: 10pt”> Sec. 12. Whenever real property is sold more than once under this chapter, the purchaser at the later sale acquires a first and prior lien on the real property as against the purchaser at the prior sale. The issuance of a certificate of sale, the execution and delivery of a deed for the real property to the purchaser at the prior sale, or the recording of such a deed does not affect the priority established in this section.
[Pre-1975 Property Tax Recodification Citation: 6-1-56-13.]
Formerly: Acts 1975, P.L.47, SEC.1.