Guam § 24104 - Sale of the Mortgaged Property.
Full text of Guam Guam Code Annotated § 24104 — Sale of the Mortgaged Property., with citation guidance and answers to common questions.
§ 24104. Sale of the Mortgaged Property.
When the defendant, after being directed to do so, as provided in the
last preceding section, fails to pay the principal, interest, and costs at the
time directed in the order, the court shall order the property (or so much
thereof as may be necessary) to be sold in the manner and under the
regulations that govern sales of real estate under execution; but such sale
shall not affect the rights of persons holding prior encumbrances upon the
same estate or a part thereof. The sale, when confirmed by decree of the
court, shall operate to divest the rights of all the parties to the action and to
vest their rights in the purchaser. Should the court decline to confirm the
sale, for good cause shown, and should set it aside, it shall order a resale in
accordance with law.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 24104
What does Guam Code Annotated § 24104 cover?
Section 24104 ("Sale of the Mortgaged Property.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 24104?
A common citation format is "Guam Code Annotated § 24104" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 24104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.