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Court Services Division Manual / Volume 6 - Civil Management Bureau (CMB) / Manual of Civil Procedure / 6-27/000.00 Execution Sale / 6-27/700.00 Method of Payment of Sale Bid / 6-27/730.00 Bidder Default

6-27/730.20 Default After Sale


6-27/730.10 Default at Sale
6-27/730.30 New Sale after Default

If the default occurs after the sale to a credit bidder, the property is sold to the highest bidder at a new sale.  (CCP 701.600(a)(2)) 

The levying officer shall apply the amount of any deposit received from the defaulting bidder in the following order:

  • To the satisfaction of costs accruing with regard to the property sold from the date of the sale until the date the property is resold, including costs of resale (CCP 701.600(b)(1))
  • To the satisfaction of interest at the rate on money judgments on the amount bid from the date of the sale until the date the property is resold (CCP 701.600(b)(2))
  • To the amount required to satisfy the money judgment in the order of distribution otherwise required for sale of the same type of property (CCP 701.600(b)(3))