2006 Ohio Revised Code - 2329.21. Purchaser to add enough to pay costs in certain cases.

§ 2329.21. Purchaser to add enough to pay costs in certain cases.
 

If the sum bid by the purchaser for the real estate sold under section 2329.20 of the Revised Code relating to the enforcement of junior liens is insufficient to pay the costs and allowance which the court has determined prior to such sale should be paid out of the proceeds thereof, pursuant to the terms of the mortgage or lien sought to be enforced, then the purchaser, in addition to the amount of his bid, must pay a sum which with the amount so bid will be sufficient to pay the costs and allowances. The court may fix the amount remaining unpaid on such claims or obligations for the purpose of the sale, and to that end require the parties to the suit to furnish to it satisfactory evidence of such unpaid amount. 
 

HISTORY: RS § 5391; S&C 1073; 51 v 57, § 434; 93 v 284; GC § 11676; Bureau of Code Revision. Eff 10-1-53.