PUBLIC Law Chapter 291

purchaser. The deed conveys the premises free and clear of all

interests of the parties in interest joined in the action. The

mortgagee or any other party in interest may bid at the public

sale. If the mortgagee is the highest bidder at the public sale,

there is no obligation to account for any surplus upon a subsequent

sale by the mortgagee. Any rights of the mortgagee to a deficiency

claim against the mortgagors are limited to the amount established

as of the date of the public sale. The date of the public sale is

the date on which bids are received to establish the sales price,

no matter when the sale is completed by the delivery of the deed to

the highest bidder.

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