An Arizona Order for Release of Excess Proceeds of Sale is a court order issued by the Arizona court system that allows a claimant to receive payment from the excess proceeds of a sale. This order is typically issued in cases where a sale of property has occurred but the proceeds from the sale exceed the amount owed to the lien holder or creditor. The excess funds generated by the sale are then held in a trust until the court orders their release to the claimant. There are two types of Arizona Order for Release of Excess Proceeds of Sale: * Partition Actions: This type of order is issued when the proceeds from the sale of a property are held in a trust pending the resolution of a partition action. * Foreclosure Actions: This type of order is issued when the proceeds from the sale of a property exceed the amount owed to the lien holder or creditor, and are held in a trust pending the resolution of a foreclosure action.
Arizona Order for Release of Excess Proceeds of Sale
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