Judicial and Trust Sales

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Tenn. Code Ann. § 35-5-109 states that the published ending time for auctions conducted under the judicial and trust sale provisions on an internet-based bidding platform and the published start time for an in-person auction must be between the hours of nine o’clock a.m. (9:00 a.m.) and seven o’clock p.m. (7:00 p.m.) of the day fixed in the notice or advertisement. The day fixed may be any day Monday through Saturday, but must not be fixed on a state or federal holiday. This does not apply to sales of parcels pursuant to title 67, chapter 5 which govern taxes and licenses for property taxes.

Furthermore, Tenn. Code Ann. § 35-5-112(b) provides that whenever real property is sold at public sale by an auctioneer, the manner and method of sale is at the discretion of the court. Public sale includes internet-based bidding platforms, in-person, on-side, or off-site auctions and other accepted auction methods, so long as the auctions are open for participation by the public at large. The court, in its discretion, may impose additional conditions or procedures upon the sale of property as are reasonably necessary.

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