SB 564 – Request of auctioneer for foreclosure sales

Senate Bill 0564 Auctioneer for foreclosure sales. Allows a debtor or creditor involved in a foreclosure sale to specify an auctioneer that, upon approval by the court, the Sheriff must retain within 14 days of the court’s order. The bill does not specify what would happen if different creditors ask for different auctioneers, but since court approval is required, presumably the judge would sort it out. Passed 47 – 0. All things considered, I suppose I’d rather the Sheriff had more discretion on the auctioneer, but maybe that’s just because I happen to like Tippecanoe County’s Sheriff. Giving the Sheriff a 14 day deadline to retain (or “engage” the auctioneer) seems a little picky and could present some real-world difficulties in particular cases: the specified auctioneer refuses or can’t be reached, for example.