Every sheriff's sale made by virtue of the directions of an execution shall be for cash. If the purchaser shall fail to comply with the terms aforesaid the sheriff's shall proceed to resell at the risk of the defaulting purchaser either on the same or some subsequent sale day, as the plaintiff may direct, and, in the absence of any direction by the plaintiff, the sheriff shall resell on the same day, if practicable, and if not on the next succeeding sale day, making in every such case proclamation that he is reselling at the risk of such defaulting former purchaser.
S.C. Code Ann. § 15-39-710
Sheriff's execution sales shall be for cash; resale
Applied in 2 court decisions — leading case Holden v. Cribb (2002)
Most recently applied in Holden v. Cribb (March 2002)
1962 Code SECTION 10-1769; 1952 Code SECTION 10-1769; 1942 Code SECTION 9078; 1932 Code SECTION 9078; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.