Indiana § 4-11-1-4 - Mortgage sales; state bidding in property; surplus sale proceeds
Full text of Indiana Indiana Code § 4-11-1-4 — Mortgage sales; state bidding in property; surplus sale proceeds, with citation guidance and answers to common questions.
§ 4-11-1-4. Mortgage sales; state bidding in property; surplus sale proceeds
Sec. 4. In all cases where the mortgagor is considered of doubtful solvency, and the property, when offered for sale, will not bring the amount due on the mortgage, the state may bid in the property for what the same may be considered worth, and hold the mortgagor liable upon the mortgagor's bond for the deficiency. If the state subsequently sells any land that was bid in for more than the amount of principal, interest, damages, and costs due from the mortgagor or mortgagors, the mortgagor or mortgagors shall be entitled to the surplus.
Formerly: Acts 1855, c.54, s.4. As amended by P.L.215-2016, SEC.70.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-11-1-4
What does Indiana Code § 4-11-1-4 cover?
Section 4-11-1-4 ("Mortgage sales; state bidding in property; surplus sale proceeds") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 4-11-1-4?
A common citation format is "Indiana Code § 4-11-1-4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 4-11-1-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.