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32-29-8-3. Good faith purchaser at judicial sale

IN Code § 32-29-8-3 (2019) (N/A)
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Sec. 3. A person who:

(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

(2) buys the mortgaged premises or any part of the mortgaged premises without actual notice of an assignment that is not of record;

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.

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32-29-8-4. Interested persons and omitted parties; right of action to determine extent of and terminate omitted party's interest; right to redeem