Sales of Real Property: Confirmation of Private Sales; Credit

Terms; Consideration of Higher Offers.

(a)If the private sale of real property of an estate returned for confirmation is upon a credit, a higher offer made to the Superior Court pursuant to the provisions of Section 2347 of this Title, either for cash or upon a credit, whether on the same or different credit terms, shall be considered only if the personal representative informs the Superior Court of Guam in person or by counsel that the offer is acceptable prior to confirmation of the sale.

(b)If the private sale of real property of an estate returned for confirmation is for cash and a higher offer made to the Superior Court pursuant to the provisions of Section 2347 of this Title is upon a credit, the offer shall be considered only if the personal representative informs the Superior Court in person or by counsel that the offer is acceptable prior to the confirmation of the sale.