[khavens]

On the Closing disclosure, the section Liability after foreclosure, which box should be checked? We are located in Indiana.

Thanks

[rcooper]

I’m not familiar with Indiana law. I’ll forward to Jack who may very possibly know the answer. If he does, you should hear from him within a couple of days.

Thanks for your patients.

[jholzknecht]

In most states lenders can pursue a deficiency balance. I believe that is the case in Indiana. Assuming you lend only in Indiana, the correct disclosure is that state law does not protect the borrower. If your bank lends on a regional, or broader basis, the answer changes according to state law.

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