In Indiana the property owner retains the right to possess and control the property up to the date the property is sold at auction, provided they do not abandon the property. However, it is not difficult for a bank to file its lawsuit, obtain its judgment, and have the property sold at auction. Property owners who desire an opportunity to rescue their property from the foreclosure process need to know and protect their rights.
Defending against such lawsuits is extremely difficult. While there are options for the property owner, these options almost always require a negotiated resolution. Hiring a lawyer early on may increase your chances of success. We regularly represent property owners who are faced with foreclosure. Call us today to see how we can be of assistance to you.