CHAPTER 8. PARTIES TO FORECLOSURE SUIT; REDEMPTION

IC 32-29-8
    Chapter 8. Parties to Foreclosure Suit; Redemption

IC 32-29-8-1
Mortgagee or assignee; purchaser at judicial sale
    Sec. 1. If a suit is brought to foreclose a mortgage, the mortgageeor an assignee shown on the record to hold an interest in themortgage shall be named as a defendant.
As added by P.L.2-2002, SEC.14.

IC 32-29-8-2
Failure to record or join foreclosure action
    Sec. 2. A person who fails to:
        (1) have an assignment of the mortgage made to the personproperly placed on the mortgage record; or
        (2) be made a party to the foreclosure action;
is bound by the court's judgment or decree as if the person were aparty to the suit.
As added by P.L.2-2002, SEC.14.

IC 32-29-8-3
Good faith purchaser at judicial sale
    Sec. 3. A person who purchases a mortgaged premises or any partof a mortgaged premises under the court's judgment or decree at ajudicial sale or who claims title to the mortgaged premises under thejudgment or decree, buying without actual notice of an assignmentthat is not of record or of the transfer of a note, the holder of whichis not a party to the action, holds the premises free and discharged ofthe lien. However, any assignee or transferee may redeem thepremises, like any other creditor, during the period of one (1) yearafter the sale.
As added by P.L.2-2002, SEC.14.