Section 30.414 - What will be contained in the Order to Submit Bids?For each property for which a request to purchase at probate is pending, the Order to Submit Bids will include:
(a) A finding of the fair market value of the interest to be sold, determined in accord with the appraisal/valuation provided by the BIA under § 30.411 ;(b) Information concerning where a copy of the appraisal/valuation may be viewed;(c) Direction to potential bidders to submit bids to purchase the property that are equal to or greater than the fair market value;(d) A deadline by which OHA must receive bids from all potential bidders; and(e) A statement that if no bids are submitted by the deadline, the request to purchase will be denied.