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  • Will You Add? - Indiana Sheriff's Sale - Consider The Option Of Using A Private Auctioneer

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    e on the sheriff’s behalf. The statute is Indiana Code § 32-30-10-9(b), which states that either the debtor or a cre
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    In Indiana, mortgage foreclosures must be judicial (through the court system). As a general proposition, real estate collateral must be sold, pursuant to a judge’s decree, by the county civil sheriff’s office.

    An alternative. Although not commonly utilized, Indiana has a statute giving parties the option, in mortgage foreclosure actions, to conduct sheriff’s sales through a private auctioneer. In other words, an outside auctioneer can hold the sheriff’s sale on the sheriff’s behalf. The statute is Indiana Code § 32-30-10-9(b), which states that either the debtor or a cred

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    collateral must be sold, pursuant to a judge’s decree, by the county civil sheriff’s office.

    An alternative. Although not commonly utilized, Indiana has a statute giving parties the option, in mortgage foreclosure actions, to conduct sheriff’s sales through a private auctioneer. In other words, an outside auctioneer can hold the sheriff’s sale on the sheriff’s behalf. The statute is Indiana Code § 32-30-10-9(b), which states that either the debtor or a cre

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    lthough not commonly utilized, Indiana has a statute giving parties the option, in mortgage foreclosure actions, to conduct sheriff’s sales through a private auctioneer. In other words, an outside auctioneer can hold the sheriff’s sale on the sheriff’s behalf. The statute is Indiana Code § 32-30-10-9(b), which states that either the debtor or a cre
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    onduct sheriff’s sales through a private auctioneer. In other words, an outside auctioneer can hold the sheriff’s sale on the sheriff’s behalf. The statute is Indiana Code § 32-30-10-9(b), which states that either the debtor or a cre
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    e on the sheriff’s behalf. The statute is Indiana Code § 32-30-10-9(b), which states that either the debtor or a creditor may petition the court to require the property to be sold “by the sheriff through the services of an auctioneer” if: (1) the court determines a sale is economically feasible OR (2) all creditors agree to both the sale method and the auctioneer’s compensation. Even if you can’t get all the creditors to consent to the method, I think most courts would permit the use of a private auctioneer absent unique, compelling reasons to the contrary.

    Costs. The auct

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