The Arizona Application for Release of Excess Proceeds of Sale by Owner is a form used by homeowners in Arizona who have sold their home and need to receive the excess proceeds from the sale. The form is used to request the release of funds that remain after the closing costs and loan repayments have been taken from the proceeds of the sale. There are two types of Arizona Application for Release of Excess Proceeds of Sale by Owner: one for an owner-seller (the form used when the seller is also the borrower of the loan secured by the property) and one for a non-owner seller (the form used when the seller is not the borrower of the loan secured by the property). The application must be completed and filed with the court in the county in which the property was sold, along with the appropriate filing fee. The application must include information about the sale, such as the purchase price, the buyer's name, and the amount of money remaining after closing costs and loan repayments. It must also include information about the seller, such as the seller's name, the seller's address, and the seller's contact information. Once the application is approved, the court will issue an order for the release of the excess proceeds to the seller.