Guam § 24425 - Referee's Sales May be Public or Private.

§ 24425. Referee's Sales May be Public or Private.

All sales of real property made by referees, under this Article, must be

made at public auction to the highest bidder, upon notice given in the

manner required for the sale of real property on execution unless in the

opinion of the court it would be more beneficial to the parties interested to

sell the whole or some part thereof at private sale; the court may order or

direct such real property, or any part thereof, to be sold at either public

auction or private sale as the referee shall judge to be most beneficial to all

parties interested. If sold at public auction, the notice must state the terms of

sale and if the property or any part thereof is to be sold subject to a prior

estate, charge or lien, that must be stated in the notice. If the sale is ordered

made at either public auction or private sale, the sale at private sale shall be

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conducted in the manner required in private sales of real property of estates

of deceased persons.