Sec. 6. “Homeowner” means a person who holds record title to residential real property as of the date on which:

(1) a contract with a foreclosure consultant; or

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Terms Used In Indiana Code 24-5.5-2-6

  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) a foreclosure reconveyance agreement;

with respect to the residential real property is entered into.

As added by P.L.209-2007, SEC.2.