Alabama Code 43-2-417. Resale upon failure of purchaser to comply with terms; liability for deficiency
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Terms Used In Alabama Code 43-2-417
- Executor: A male person named in a will to carry out the decedent
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
- property: includes both real and personal property. See Alabama Code 1-1-1
If the purchaser fails to comply with the terms of the sale, the executor or administrator may again proceed to advertise and sell the property. If, on another and a completed sale, the property sells for a less sum than the amount bid at the former sale, the purchaser so in default is liable to the executor, administrator or any person damaged for the deficiency, and also the expense of the sale.