Second offer for sale of property
Sec. 5.5. (a) If:
(1) a tract or an item of real property is offered for sale under
sections 1 through 5 of this chapter; and
(2) an amount is not received that is at least equal to the
minimum sale price required under section 5(e) of this chapter;
the tract or an item of real property may be offered for sale a second
time consistent with the provisions of sections 1 through 5 of this
chapter or subsection (b).
(b) Notwithstanding any other law, if:
(1) a tract or an item of real property is offered for sale under
sections 1 through 5 of this chapter;
(2) an amount is not received that is at least equal to the
minimum sale price required under section 5(e) of this chapter;
and
(3) the county treasurer and the county auditor jointly agree to an
expedited tax sale under this subsection;
the tract or item of real property may be offered for sale a second
time on a date that is on or after January 1 and before March 31 of
the year immediately following the year in which the property was
initially offered for sale and at least ninety (90) days after the date of
the initial sale.
(c) All notice and judgment requirements set forth in this chapter
and IC 6-1.1-25 are applicable to the second expedited tax sale under
subsection (b).
As added by P.L.39-1994, SEC.10.
Last modified: May 28, 2006