Property Ownership
Indiana law provides that when a joint tenant's interest is encumbered by a judgment lien, it may:
AAutomatically convert the joint tenancy to a tenancy in common
BCreate issues for the joint tenancy, as a creditor's lien on one joint tenant's interest may sever the joint tenancy and affect title✓ Correct
CHave no effect on the other joint tenants
DAutomatically extinguish the joint tenancy
Explanation
A lien or mortgage on one joint tenant's interest may sever the joint tenancy (converting it to a tenancy in common) as to the encumbered interest, depending on Indiana's interpretation. This can complicate the remaining co-owners' title.
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