§ 33-721 Foreclosure of mortgage by court action
§ 33-722 Election between action on debt or to foreclose
§ 33-723 Right of junior lien holder upon foreclosure action by senior lien holder
§ 33-724 State as party to foreclosure actions
§ 33-725 Judgment of foreclosure; contents; sale of property; resale
§ 33-726 Redemption of property by payment to officer directed under foreclosure judgment to sell the property
§ 33-727 Sale under execution; deficiency; order of liens; writ of possession
§ 33-728 Recording upon record that mortgage is foreclosed and judgment satisfied; effect
§ 33-729 Purchase money mortgage; limitation on liability
§ 33-730 Limitation on deficiency judgment on mortgage or deed of trust as collateral for consumer goods
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Terms Used In Arizona Laws > Title 33 > Chapter 6 > Article 2 - Foreclosure

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Docket: A log containing brief entries of court proceedings.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
  • Property: includes both real and personal property. See Arizona Laws 1-215
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Summons: Another word for subpoena used by the criminal justice system.