Arizona Laws 12-807. Application of proceeds of sale; sale of building to make up deficiency
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A. The proceeds of sale of the property shall be applied in the following order:
Terms Used In Arizona Laws 12-807
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Building: means and includes so much of any building or structure of any kind as is or may be entered through the same outside entrance. See Arizona Laws 12-801
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Property: includes both real and personal property. See Arizona Laws 1-215
1. To the fees and costs of the removal and sale.
2. To the allowances and costs of closing and keeping the building or place closed.
3. To the payment of plaintiff‘s costs in the action.
4. The balance, if any, shall be paid to the owner of the property sold.
B. If the proceeds of the sale do not fully discharge all the costs, fees and allowances, the building and place shall then also be sold under execution issued upon order of the court or judge and the proceeds of the sale applied in like manner.