6-26/730.30 New Sale after Default



If there is a sale to the next highest bidder or to the highest bidder at a new sale, the defaulting bidder is liable for the following amounts in an action by the judgment creditor or judgment debtor:

 

  • The amount bid, less the amount obtained from the resale of the property and the amount of any deposit applied to the next highest bidder.  The amount recovered pursuant to this paragraph shall be distributed in the manner prescribed by CCP 701.810 or 704.850, whichever is applicable.  (CCP 701.600(c)(1)) 
  • Any costs accruing with regard to the property sold from the date of sale until the date the property is resold, including costs of resale. (CCP 701.600(c)(2)) 
  • 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(c)(3)) 
  • Costs and attorney's fees incurred because of the defaulted sale (CC in the action under this subdivision. (CCP 701.600(c)(24)