Foreclosure Process for Indiana (IN)

Mortgage and Lending with Loan Modification

If you live in or own a property in Indiana, and are facing foreclosure, please see below for the step-by-step




When you develop a definite plan of action with well-timed, well-informed steps, you can stop the foreclosure process

and save your home. We have outlined the foreclosure process for the state of Indiana.
The Process

In Indiana, a lender can file a lawsuit to foreclose on real estate. The date the mortgage was signed determines the length of time it takes between the filing of the lawsuit and the foreclosure sale. Here are the applicable waiting periods:

Before January 1, 1958:
12 months
Between January 1,1958-
July 1,1975
6 months
After July 1, 1975
3 months


If the owner files a waiver of the time limit with the court clerk, which has been signed by the lender (or judgment holder), then the foreclosure sale process may begin without the need to delay 3 to 12 months. If such a waiver is used however, the lender loses the right to sue the borrower for a deficiency.

The foreclosure sale process involves publishing an ad once a week for three weeks. The first ad must be run 30 days before the sale. At the time the first ad is run, each owner must be served with notice of the foreclosure sale by the sheriff. The sheriff conveys title by a deed given immediately after the sale. The owner may reside in the property, rent free, until the foreclosure sale, provided the owner is not committing waste, which means tearing up the property.


There is no right to redemption after the foreclosure sale. The waiting

precedes the sale. If the property is not a principal residence, a receiver can be appointed to take charge of it


C Thompson

407 219-8739







How to Avoid Loan Modification / Loss Mitigation Scams

Loan Mitigation Services FAQ's

Investors Facing Foreclosure

Why won't my lender won't work with me?



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate General Information
All About Mortgages/Mortgage Networking
The Lounge at Active Rain
Foreclosure Talk
foreclosure process for indiana
forclosure process for indiana
foreclosure help in indiana
forclosure help in indiana
foreclosure in in

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


C. Thompson

Loss Mitigation Cases
Ask me a question
Spam prevention

Additional Information