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This entry was published on 2014-09-22
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Sale in parcels
State Finance (STF) CHAPTER 56, ARTICLE 10
§ 153. Sale in parcels. On any such foreclosure, if any person having
title to a part of the mortgaged premises, by conveyance from or through
the mortgagor, delivers to the comptroller an affidavit stating that he
has such title, and describing with certainty such part, the comptroller
on the sale under such foreclosure shall cause to be first sold that
part of the mortgaged premises not specified in the affidavit. If the
part so sold does not produce enough to satisfy the amount so unpaid and
costs and expenses he shall immediately cause such part or parts of the
premises as have been conveyed by the mortgagor and described in any
such affidavit, to be sold, and if more than one part of such premises
has been so conveyed, and an affidavit made as herein required, the
comptroller shall cause such parts to be sold in the inverse order of
the dates of such conveyances, if it is necessary to sell them,
commencing with the part last conveyed by the mortgagor, and such sale
shall cease when the proceeds of the sale are sufficient to satisfy the
amount so unpaid and such costs and expenses.