Indiana Land Contracts and Forfeiture
MSNBC: Potential Foreclosure Tactic

IBJ: Indiana Foreclosure Bill "Stirring Controversy"

Chip Cutter of IBJ's "Real Estate Weekly" writes today:

Real estate industry interests are concerned about a bill making its way through the Indiana General Assembly that would give tenants of residential and commercial property the right to terminate their leases without penalty if a property goes into foreclosure.

The two bills referenced in the IBJ article Foreclosure Bill Stirring Controversy are Senate Bill 225, the source of much consternation for lenders and commercial real estate developers, and House Bill 1081, which may have less of an impact on the industry.  We'll see what happens....    

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