Yidi, L.L.C. v. JHB Hotel, L.L.C.

Citations

• 2017 Ohio 1285

Syllabus

Receiver Real Property Three-day Period R.C. 2735.04(D)(7) Reasonable Time Highest and Best Offer. Trial court did not abuse its discretion in approving the receiver's request to sell real property to $9.1 million bidder, despite appellants' $9.5 million bid, where appellants' bid was untimely and submitted contrary to the established bidding procedures, and where appellants had been given numerous opportunities to redeem the property but were never able to obtain financing to close the deal. Three-day time period to redeem the property after the sale order was a reasonable time for redemption because appellants had adequate notice and time to redeem the property.