If the purchaser of property sold on foreclosure fails to immediately pay the purchase money, the sheriff shall resell the property either on the same day without advertisement or on a subsequent day after again advertising in accordance with this chapter, as the judgment creditor directs. If the amount bid at the second sale does not equal the amount bid at the first sale, including the costs of the second sale, the first purchaser shall be liable for:(1) the deficiency;(2) damages not exceeding ten percent (10%); and(3) interest and costs;all of which may be recovered in a court of proper jurisdiction by the sheriff.(b) If the property is sold, the sheriff shall pay the proceeds as provided in IC 32-30-10-14. Every sale made under this chapter is made without right of redemption.[Pre-2002 Recodification Citation: 32-8-16-5.]As added by P.L.2-2002, SEC.14. Amended by P.L.45-2016, SEC.8.
Indiana Legal Code