Arizona HB2780 modifies judicial foreclosure procedures, allowing for excess proceeds sales under certain conditions.

Arizona HB2780 amends sections of the Arizona Revised Statutes concerning judicial foreclosure of the right to redeem. It allows for an excess proceeds sale if the court determines the sale price is more than $2,500 above the total of specified amounts. The bill outlines the process for requesting such a sale and the conditions under which the court may grant it. It also details the distribution of sale proceeds, the execution and delivery of deeds, and the handling of unclaimed funds.

Arizona HB2780 modifies judicial foreclosure procedures, allowing for excess proceeds sales under certain conditions.

Arizona HB2780 amends sections of the Arizona Revised Statutes concerning judicial foreclosure of the right to redeem. It allows for an excess proceeds sale if the court determines the sale price is more than $2,500 above the total of specified amounts. The bill outlines the process for requesting such a sale and the conditions under which the court may grant it. It also details the distribution of sale proceeds, the execution and delivery of deeds, and the handling of unclaimed funds.