California Code of Civil Procedure

§ 701.600

CCP § 701.600Div. 2 · Title 9 · Part 2 · Ch. 3 · Art. 6

Statute text

If the highest bidder does not pay the amount bid as prescribed by Section 701.590:

(a)The levying officer shall sell the property:

(1)If the default occurs at the sale, either to the next highest bidder at the amount of the next highest bid if such bidder agrees or to the highest bidder at a new sale held immediately.

…

Legislative history

Added by Stats. 1982, Ch. 1364, Sec. 2. Operative July 1, 1983, by Sec. 3 of Ch. 1364.