A judgment in rem is a judgment against the thing itself, as distinguished from an action against the person. You agree to a judgment of foreclosure in the court case.This means you agree to have your property sold at a foreclosure auction. Action in rem is a type of legal proceeding used to decide a property's title, as well as the rights granted to parties listed in the title. If you have an interest in a property, you can register with the Department of Finance to receive a Notice of Foreclosure for an In Rem property or properties. "In rem" means that the court is exercising jurisdiction over the property, but not over you personally. In rem is a Latin term that literally means "against or about a thing. " Lawsuits with in rem jurisdiction have judgments against property and not persons. Borrowers are not personally liable for any deficiency resulting from the entry of an in rem judgment. An In Rem judgment in Indiana means it is against the property only, and foreclosing any legal interest you or others who are named in that property.

Judgment Against Property With Rem In Wake

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