Indiana § 32-30-10-2 "Economically feasible"; required findings

Indiana Statutes

§ 32-30-10-2 — "Economically feasible"; required findings

Indiana·Title 32 PROPERTY·Art. 30 CAUSES OF ACTION CONCERNING REAL·Ch. 10 Mortgage Foreclosure Actions

For purposes of section 9 of this chapter, the sale of a property through the services of an auctioneer is "economically feasible" if the court determines that:

(1)a reasonable probability exists that, with the use of the services of an auctioneer, a valid and enforceable bid will be made at a foreclosure for a sale price equal to or greater than the amount of the judgment and the costs and expenses necessary to its satisfaction, including the costs of the auctioneer; and

(2)the reasonable probability would not exist without the use of an auctioneer. [Pre-2002 Recodification Citation: 32-15-6-6.5 part.]

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For purposes of section 9 of this chapter, the
sale of a property through the services of an auctioneer is
"economically feasible" if the court determines that:
(1) a reasonable probability exists that, with the use of the
services of an auctioneer, a valid and enforceable bid will be
made at a foreclosure for a sale price equal to or greater than the
amount of the judgment and the costs and expenses necessary to
its satisfaction, including the costs of the auctioneer; and
(2) the reasonable probability would not exist without the use of
an auctioneer.
[Pre-2002 Recodification Citation: 32-15-6-6.5 part.]

Indiana § 32-30-10-2 ("Economically feasible"; required findings) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.