Determination of Abandonment for Property Subject to a Mortgage Foreclosure Action

Determination of Abandonment for Property Subject to a Mortgage Foreclosure Action SSL Draft

Summary:

This Act establishes a procedure to allow a creditor in a mortgage or an enforcement authority with jurisdiction in the location of the mortgaged property to petition the court having jurisdiction over an existing mortgage foreclosure action to find that the mortgaged property is abandoned. It establishes criteria that constitute prima facie evidence that a mortgage property is abandoned. 

Submitted as: 
Indiana
Status: Enacted into law in 2012.
 

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