Supreme Court Rules - Rule 76 - Rules of Civil Procedure - Rules Governing Civil Procedure in the Circuit Courts - Executions: Resale When Purchaser Fails to Pay Purchase Price

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Supreme Court Rules

		Section/Rule:	76.19
Subject:	Rule 76 - Rules of Civil Procedure - Rules Governing Civil Procedure in the Circuit Courts - Executions	Publication / Adopted Date:	June 10, 1980
Topic:	Resale When Purchaser Fails to Pay Purchase Price	Revised / Effective Date:	January 1, 1981

76.19. Resale When Purchaser Fails to Pay Purchase Price

If the purchaser at an execution sale fails to pay the purchase price under the terms of the sale, the sheriff making the sale shall resell the property. Upon motion by the sheriff to the court out of which the execution was issued or the circuit court of the county in which the sale was held, the court may enter a judgment against such purchaser for any loss occasioned by his failure to pay, and for costs. The sheriff may refuse bids of a purchaser who has so failed to pay. The sheriff shall not be liable for the amount of a bid which the purchaser fails to pay.

(Adopted June 10, 1980, eff. Jan. 1, 1981.)

Committee Note - 1981

This is substantially the same as prior Rules 76.42, 76.43 and 76.44.