Sec. 12. (a) A property for which no one applies in two (2) successive drawings held under this chapter may be sold at public auction to the highest bidder. (b) The proceeds of the sale of real property acquired under IC 6-1.1-25-7.5 shall be applied to the cost of the sale, including advertising and appraisal. (c) If any proceeds remain after payment of the costs under subsection (b), the proceeds shall be applied to the payment of taxes removed from the tax duplicate under IC 6-1.1-25-7.5 (e). (d) If any proceeds remain after payment of the taxes under subsection (c), the proceeds shall be deposited in the county general fund. [Pre-Local Government Recodification Citation: 18-7-21-11.] IC 36-7-17.1 Chapter 17.1. Alternative Urban Homesteading Program for Qualified Individuals 36-7-17.1-1 Application of chapter 36-7-17.1-2 "Rehabilitation loan" 36-7-17.1-3 Designation of agency to administer program 36-7-17.1-4 Acquisition of property 36-7-17.1-5 Notice to residents of unit 36-7-17.1-6 Applications; eligibility; drawings to determine receipt of dwellings 36-7-17.1-7 Conveyances; duties of recipients 36-7-17.1-8 Conveyances; methods authorized 36-7-17.1-9 Conveyances; effect of purchaser's failure to fulfill agreement 36-7-17.1-10 Conveyances; fee simple title 36-7-17.1-11 Rules and regulations 36-7-17.1-12 Retention of deed by unit; property deemed municipal property; tax exemption 36-7-17.1-13 Property not applied for in successive drawings; sale; disposition of proceeds
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