Procedure as to ordering saleE+W
7(1)Where a local authority order the sale of a house without taking possession, they shall cause it to be put up for sale by auction and shall retain out of the proceeds of sale—E+W
(a)any sum due to them on account of the interest or principal of the advance, and
(b)all costs, charges and expenses properly incurred by them in or about the sale of the house,
and shall pay over the balance (if any) to the proprietor.
(2)If the local authority are unable at the auction to sell the house for such a sum as will allow of the payment out of the proceeds of sale of the interest and principal of the advance then due to the authority, and the costs, charges and expenses referred to above, they may take possession of the house in manner provided by this Schedule, but shall not be liable to pay any sum to the proprietor.