Guam § 23122 - When Sales are Absolute.

§ 23122. When Sales are Absolute.

Sales of personal property, and of real property, when the

estate therein is less than a leasehold of two (2) years unexpired

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term, are absolute. In all other cases the property is subject to

redemption as provided in this Article. The officer must give to

the purchaser a certificate of sale, and file a duplicate thereof for

record in the Department of Land Management, which certificate

must state the date of the judgment under which the sale was

made and the names of the parties therein and contain:

(a) a particular description of the real property sold;

(b) the price bid for each distinct lot or parcel;

(c) the whole price paid;

(d) if the property is subject to redemption, the

certificate must so declare, and if the redemption can be

affected only in a particular kind of money or currency, that

fact must be stated.