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Q: Does Indiana Law Allow for a Redemption Period After a Foreclosure?
A: No, a borrower has no right to redeem an Indiana property after a foreclosure sale. However, the borrower may redeem the property during the foreclosure process … More
Q: Where and When do Foreclosure Sales Take Place in Indiana?
A: In Indiana, all foreclosure sales must take place between the hours of 10 am and 4 pm. The exact date and location of the sale is determined with the sheriff and … More
Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Indiana?
A: Yes, if the proceeds from the foreclosure sale do not completely satisfy the outstanding loan then the lender may sue the borrower for the amount still owed on the … More
Q: How Can a Lender Foreclose on a Property in Indiana?
A: In order to foreclose on a property in Indiana, the lender must sue the borrower in state court. The time frame, public notice and sale requirements for the … More
Q: How Long Does the Typical Foreclosure Process Take in Indiana?
A: All foreclosures in Indiana take place through the judicial system. Accordingly, the length of time it takes to foreclose on a property is, in part, dependent on … More
Q: Can I Keep My Home If I File Bankruptcy in Indiana?
A: The homestead exemption in Indiana is $15,000. That means that if the homeowner has $15,000 or less in equity in the home and continues to make regular mortgage … More