Indiana Code > Title 32 > Article 30 > Chapter 12 – Judgments in Mortgage and Lien Actions


§ 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

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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