Effective: January 13, 2012
Latest Legislation: Senate Bill 124 - 129th General Assembly
If the sale authorized by a court as provided in section 2127.32 of the Revised Code is private, the real property shall not be sold for less than the appraised value. If the sale is at public auction, the real property if improved shall not be sold for less than two thirds of the appraised value, or if not improved, for less than one half of the appraised value. In private sales if no sale has been effected after one bona fide effort to sell under this section, or if in public sales the real property remains unsold for want of bidders when offered pursuant to advertisement, the court may fix the price for which the real property may be sold or may set aside the appraisement and order a new appraisement. If the new appraisement does not exceed five hundred dollars, and upon the first offer under the new appraisement at public sale there are no bids, then upon the motion of any party interested the court may order the real property to be readvertised and sold at public auction to the highest bidder.
Structure Ohio Revised Code
Title 21 | Courts-Probate-Juvenile
Section 2127.01 | Sale of Lands by Executors and Administrators.
Section 2127.011 | Disposition of Real Property.
Section 2127.012 | Disposal of Real Estate.
Section 2127.02 | Payment of Debts.
Section 2127.03 | Payment of Legacies.
Section 2127.04 | Action for Authority to Sell Real Property.
Section 2127.05 | Guardian May Sell.
Section 2127.06 | Successor Fiduciary Shall Complete Sale Proceedings.
Section 2127.07 | Real Property Subject to Sale.
Section 2127.08 | Fractional Interests - Sale of Entire Interest.
Section 2127.10 | Action to Sell Real Property.
Section 2127.11 | Summary Proceeding if Value of Land Less Than $3,000.
Section 2127.12 | Necessary Parties in Sale by Executor or Administrator.
Section 2127.13 | Necessary Parties in Sale by Guardian.
Section 2127.14 | Service of Summons.
Section 2127.15 | Pleadings and Procedure.
Section 2127.16 | Sale to Be Free of Dower.
Section 2127.17 | Costs When There Are Objections to Granting Order for Sale.
Section 2127.18 | Equities and Priorities.
Section 2127.19 | Release of Liens.
Section 2127.20 | Sale Subject to Mortgage.
Section 2127.21 | Complaint of Guardian to Have Land Laid Out in Town Lots.
Section 2127.22 | Appraisement May Be Dispensed With - New Appraisement - Appraisers.
Section 2127.23 | Agreement of Appraisers.
Section 2127.24 | Vacancy in Appraisers.
Section 2127.25 | Compensation of Appraisers.
Section 2127.27 | Additional Bond Before Sale.
Section 2127.28 | Expense of Sale.
Section 2127.29 | Order of Sale.
Section 2127.30 | Order of Sale When an Equitable Estate Is Included.
Section 2127.31 | Persons Interested May Give Bond to Prevent Sale.
Section 2127.32 | Public or Private Sale.
Section 2127.33 | Price at Which Real Property May Be Sold.
Section 2127.34 | Terms of Sale.
Section 2127.35 | Confirmation of Sale - Deed.
Section 2127.36 | Security for Deferred Payments.
Section 2127.37 | Compensation of Executor, Administrator, or Guardian.
Section 2127.38 | Distribution of Money Received From Sale of Real Property.
Section 2127.39 | When Proceeds of Sale Marshaled in Conformity With Will.
Section 2127.42 | Sale of Lands of Foreign Wards.
Section 2127.43 | Sale of Real Property by Trustees of Nonresidents.