Idaho Code 45-1507 – Proceeds of Sale — Disposition
Current as of: 2023 | Check for updates
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The trustee shall apply the proceeds of the trustee’s sale as follows:
(1) To the expenses of the sale, including a reasonable charge by the trustee and a reasonable attorney’s fee.
Terms Used In Idaho Code 45-1507
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Grantor: The person who establishes a trust and places property into it.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Trustee: A person or institution holding and administering property in trust.
(2) To the obligation secured by the trust deed.
(3) To any persons having recorded liens subsequent to the interest of the trustee in the trust deed as their interests may appear.
(4) The surplus, if any, to the grantor of the trust deed or to his successor in interest entitled to such surplus.