Silverboard v. Iteld

Jordan, Chief Justice.

These appeals arise from an order approving the sale of real estate by commissioners in a statutory partition proceeding.

After proper advertisement the commissioners received two bids on the property, one for $500,000 cash and the other a credit offer of $620,000 on a 10-year payout. The terms of the sale were subject to an existing first mortgage but did not specify whether the sale would be for cash or credit.

The commissioners recommended that the court accept the $500,000 cash offer of Silverboard. The trial court adopted this recommendation and awarded the…