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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 2. 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.
Cite this article: FindLaw.com - Indiana Code Title 32. Property § 32-30-10-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-32-property/in-code-sect-32-30-10-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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