Indiana Foreclosure Timeline and Laws

Indiana Foreclosure Process and Procedure

If you default on your mortgage, your lender can institute foreclosure proceedings against you and auction your property at a foreclosure sale.

Indiana foreclosures are conducted by judicial foreclosure proceedings. Indiana does not allow non-judicial foreclosure proceedings.   

Notice Requirements for Foreclosure in Indiana

The lender institutes foreclosure proceedings by filing a lis pendens and a complaint with the court. The lender must wait at least three months before they can foreclosure on new mortgages and at least 6 to 12 months on older mortgages. The sheriff must advertise the sale by publication once per week for three consecutive weeks in a newspaper of general circulation. The first publication must be made at least thirty days before the date of the sale, and the borrower must be personally served in accordance with the Indiana law.  

Indiana Deficiency and Anti-Deficiency Laws

The lender may obtain a deficiency judgment if the property is sold at foreclosure auction for less than the loan amount.

Indiana Redemption Rights

Indiana has no post-sale statutory right of redemption.

Indiana Assistance, Special Programs, Government Help, and Law Updates

Foreclosure  Programs:

• Indiana Foreclosure Avoidance Counseling -HUD
• Indiana Foreclosure Prevention Network at www.877GetHope.org
• The Home Affordable Mortgage Modification Program
• The Home Affordable Refinance Program
• The Home Affordable Foreclosure Alternatives Program
• FHA Secure
• Hope for Homeowners

Foreclosure Lawyer

Indiana foreclosure laws are complex. It is recommended that you consult with a foreclosure lawyer who can advise you about options to avoid foreclosure including refinancing, reinstatement, deed in lieu, mortgage modification, short sale or bankruptcy.