Indiana Sell and approve bid procedures, Motion and Notice (Combined), is a legal procedure used in Indiana that allows for the sale of certain types of property by sealed bid. This procedure is used in situations where it is necessary to quickly sell property due to financial hardship or other reasons, and is a fast and efficient way to sell the property. The procedure begins with a Motion and Notice, which is a document that is filed with the court, and contains information such as the property's location, description, and estimated market value. It also includes information about the seller's financial condition, and why the property must be sold. The Motion and Notice must be served upon all parties who have an interest in the property, including any lien holders, and must be published in a local newspaper for a minimum of three weeks. Once the Motion and Notice is published, interested buyers can submit sealed bids for the property. The bids must meet the minimum bid amount set out in the Motion and Notice, and must be accompanied by a deposit of 10% of the bid amount. The highest bidder must also be approved by the court. Once the court has approved the bid, the seller must execute a deed of sale, and the buyer must pay the remaining balance of the purchase price. The deed of sale must then be filed with the court and recorded in the public record. There are two types of Indiana Sell and approve bid procedures, Motion and Notice (Combined): Judicial Sale and Voluntary Sale. Judicial Sale is used in situations where the seller is in financial distress and the court is overseeing the sale. Voluntary Sale is used in situations where the seller is not in financial distress, and the sale is conducted without court supervision.