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1 Answer | Asked in Real Estate Law for Indiana on
Q: My parents parents bought a property in Indiana through land contract. Both passed away, they were only ones in contract

The house was completely remodeled by us. We spent 40,000 dollars during two years we lived there. Bought home for 60,000 back in 2018. Moved to AZ while still paying property. PARENTS TRIED TO GET THE Approval FROM OWNERS TO HAVE THE HOUSE PAID OFF BY PARENTS GETTING A MORGAGE LOAN AND PAYING... View More

Michael Ray Smith
Michael Ray Smith
answered on Jul 4, 2022

I am not sure I completely understand everything that has happened or the current situation, but under Indiana law, the seller under a valid land contract cannot take the property back except through a foreclosure. The property is sold, the seller is paid the rest of what is owed under the... View More

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