Section 32-29-7-2 - "Economically feasible" For the purposes of section 4(b) of this chapter, the sale of property by the sheriff 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: 32-8-16-1.3 part.
As added by P.L. 2-2002, SEC.14.