Aims, Inc. v. Cedar Inn, Inc.

CAREY, Justice:

In this appeal from the Superior Court, the sole appellant, Aims, Inc., seeks the reversal of an Order confirming a Sheriff’s sale of a property owned by King’s Inn, Inc., as the result of a mortgage foreclosure. The appellant was not an owner or a lien holder, but was merely a bidder at the Sheriff’s sale. It was not the successful or highest bidder, its last bid being $118,000.00, whereas the high bid was $120,000.00. It asked the Court below to set aside the sale on the ground that certain announcements made to prospective bidders prior to the commencement of the auction…