§ 36-7-17-1 Application of chapter
§ 36-7-17-2 Designation of agency to administer program
§ 36-7-17-3 Acquisition of property
§ 36-7-17-4 Notice to residents of unit
§ 36-7-17-5 Applications; eligibility; drawings to determine receipt of dwellings
§ 36-7-17-6 Conveyances; duties of recipients
§ 36-7-17-7 Conveyances; methods authorized
§ 36-7-17-8 Conveyances; effect of purchaser’s failure to fulfill agreement; subordination of agency’s interest to financial institutions or persons lending money
§ 36-7-17-9 Conveyances; fee simple title
§ 36-7-17-10 Rules and regulations
§ 36-7-17-11 Retention of deed by unit; property deemed municipal property; tax exemption
§ 36-7-17-12 Property not applied for in successive drawings; sale; disposition of proceeds
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Terms Used In Indiana Code > Title 36 > Article 7 > Chapter 17 - Urban Homesteading

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5