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2019 Indiana Code
Title 32. Property
Article 30. Causes of Action Concerning Real Property
Chapter 10. Mortgage Foreclosure Actions
32-30-10-2. "Economically feasible"; required findings
Universal Citation: IN Code § 32-30-10-2 (2019)
IC 32-30-10-2 "Economically feasible"; required findings
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.
[Pre-2002 Recodification Citation: 32-15-6-6.5 part.]
As added by P.L.2-2002, SEC.15.
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