Indiana Code > Title 32 > Article 30 > Chapter 12 – Judgments in Mortgage and Lien Actions
Current as of: 2023 | Check for updates
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Other versions
| § 32-30-12-1 | Action upon mortgage or lien; final judgment given in first instance; exception for residential mortgages |
| § 32-30-12-2 | Sale of mortgaged property ordered in all cases |
Terms Used In Indiana Code > Title 32 > Article 30 > Chapter 12 - Judgments in Mortgage and Lien Actions
- 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
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes personal and real property. See Indiana Code 1-1-4-5