Finance
Indiana's non-judicial foreclosure process does NOT exist because Indiana is a:
ATrustee theory state
BJudicial foreclosure state — all foreclosures must proceed through the court system✓ Correct
CNon-recourse state
DLender-choice state
Explanation
Indiana is a judicial foreclosure state, meaning all residential mortgage foreclosures must be filed as lawsuits in court. There is no power-of-sale (non-judicial trustee sale) procedure available in Indiana.
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