7 Dec 2023
Re Barry Raymond Hall [2023] NZHC 3566
- Citation
- [2023] NZHC 3566
- Court
- High Court
The Court was satisfied the statutory prerequisites under s200 were met (mortgagor default and mortgagee entitlement), the property had been reasonably marketed and tested at auction, independent valuation evidence produced a forced‑sale range, and the proposed purchase price of $350,058.09 exceeded that forced‑sale range and improved on the auction outcome; accordingly the price represented the best price reasonably obtainable and the Court granted approval under s200(3)(d) for the mortgagee to purchase the property.