2006 Ohio Revised Code - 2329.52. New appraisement; sale of part; terms of sale.

§ 2329.52. New appraisement; sale of part; terms of sale.
 

When premises are ordered to be sold, if said premises, or a part thereof, remain unsold for want of bidders after having been once appraised, advertised, and offered for sale, the court from which the order of sale issued may, on motion of the plaintiff or defendant and from time to time until said premises are disposed of, order a new appraisement and sale or direct the amount for which said premises, or a part thereof, may be sold. 
 

The court may order that the premises be sold as follows: One third cash in hand, one third in nine months from the day of sale, and the remaining one third in eighteen months from the day of sale, the deferred payments to draw interest at six per cent and be secured by a mortgage on the premises. 
 

HISTORY: RS § 5417; 67 v 114, § 374; GC § 11711; 108 v PtI, 10; 118 v 573; Bureau of Code Revision. Eff 10-1-53.