Opinion ID: 1425716
Heading Depth: 1
Heading Rank: 3

Heading: The Sheriff's Sale

Text: A public sale took place July 23, 1985, at which Mickey Leslie [Purchaser] made the highest bid of $10,000. On the same day Credit Union filed a motion to set aside the sheriff's sale, alleging that it had tendered to Sooner full payment of its judgment and that the tender had been accepted contingent upon the court's vacation of the sheriff's sale. At the confirmation hearing the trial court found that Credit Union had effected a redemption of the property from the obligation owed to Sooner and set the sale aside. [3] The trial court denied the purchaser's new trial motion but ordered the court clerk to reimburse to him the amount paid in on the bid. Sooner was held responsible for expenses in connection with setting aside the sale and was directed to effectuate the redemption by Credit Union. [4] The purchaser appealed and the Court of Appeals reversed the trial court's postdecree order, holding that the right of redemption stands extinguished by force of law at the time the postdecree sale of property is effected. It remanded the cause with instructions to confirm the sale and to establish legal title in the purchaser. We granted certiorari and now reverse the trial court's postdecree order.