State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_1 > GS_1-339_66A

§ 1‑339.66A.  Orderingresale of real property after upset bid.

Upon motion of an interestedperson filed within 10 days after a sale or upset bid and for good cause, theclerk of superior court may order a resale of real property when an upset bidis submitted as provided in G.S. 1‑339.64. If the motion is granted basedon the inadequacy of the last bid, the procedure for the resale is the same inevery respect as is provided by this Article in the case of an original publicsale, and the last bidder is released from the bidder's obligations under thebid. If the motion is granted for any other reason, the last bid becomes theopening bid at resale, and if there is no bid at resale other than the lastbid, the person who made the last bid is the highest bidder at resale. If themotion is denied, the 10‑day period for subsequent upset bids begins uponthe entry of the order. (2001‑271, s. 17.)