Sale of property in parcels
Sec. 12. (a) In cases under this chapter, the court shall ascertain
whether the property can be sold in parcels. If the property can be
sold in parcels without injury to the interest of the parties, the court
shall direct that only as much of the premises be sold as will be
sufficient to pay the amount due on the mortgage, with costs, and the
judgment shall remain and be enforced upon any subsequent default,
unless the amount due is paid before execution of the judgment is
completed.
(b) If the mortgaged premises cannot be sold in parcels, the court
shall order the whole mortgaged premises to be sold.
As added by P.L.2-2002, SEC.15.
Last modified: May 24, 2006