§ 34-55-6-19 — Failure of purchaser to pay for property; resale of property; damages

Indiana § 34-55-6-19

• Jurisdiction: Indiana
• Title 34: CIVIL LAW AND PROCEDURE
• Art. 55: EXECUTION OF JUDGMENTS
• Ch. 6: Sale of Property on Execution

Text

(a) As an alternative to the procedure set
forth in section 18 of this chapter, the sheriff may reexpose and sell the
property on the same or any subsequent day according to law. If the
amount bid at the second sale does not equal the amount bid at the first
sale and the costs of the second sale, the first purchaser is liable for:
(1) the deficiency;
(2) damages not exceeding ten percent (10%);
(3) interest; and
(4) costs;
to be recovered by a like notice and motion as provided in section 18
of this chapter.
(b) If the sheriff sells on a subsequent day, the sheriff shall
readvertise as in other cases.
[Pre-1998 Recodification Citation: 34-1-39-15.]

Legislative History

As added by P.L.1-1998, SEC.51.