§2343 Sales

Summary

Offer government-owned property first to people who have priority to buy it. The government must send a notice that says what property is for sale, how it will be sold, and the deadline. If the property is a single-family or duplex home occupied by someone, the offer must stay open for at least 90 days. If no one with priority buys, the property is advertised and sold to the highest bidder, but the agency can reject any bids. No bid can be accepted below the appraised value, except for government-owned single and duplex houses where bids must be at least 85 percent of appraised value. If a property does not sell within 90 days after the first ad, the agency can sell it however it thinks best. Church property with expired priority rights can be sold by auction, by negotiated sale, or other transfer at prices and terms the agency finds fair and reasonable.