Can someone shed some light on the difference between a foreclosure complaint that is classified as "REM" and one that is in "Personam" and what this means for us abstractors. We have a foreclosure client that only wants foreclosures against the subject property and that makes total sense to me. However, many abstractors in Indiana are telling me that if a foreclosure is in "Personam" it does attach to the subject property even if that foreclosure was on a different property. I have been told that "REM" attaches to the property and "Personam" attaches to the person and therefore if a judgment or to be specific, in this case a foreclosure complaint that is in Personam will attach to any new property. Is this true? Is it just an Indiana thing or does it exist like this in other states?
I'm concerned about the liability in this and need to understand it more.
Any Indiana real estate experts in here?
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