Arizona HB2878 amends judicial foreclosure laws to allow for excess proceeds sales if certain conditions are met.

Arizona HB2878 modifies the judicial foreclosure process by allowing for excess proceeds sales when the sale price exceeds the total of certain amounts by more than $2,500. The bill outlines procedures for determining the reasonableness of such sales, including requirements for notice and documentation. It also details the distribution of sale proceeds among the qualified entity, certificate of purchase holder, county treasurer, and property owner.

Arizona HB2878 amends judicial foreclosure laws to allow for excess proceeds sales if certain conditions are met.

Arizona HB2878 modifies the judicial foreclosure process by allowing for excess proceeds sales when the sale price exceeds the total of certain amounts by more than $2,500. The bill outlines procedures for determining the reasonableness of such sales, including requirements for notice and documentation. It also details the distribution of sale proceeds among the qualified entity, certificate of purchase holder, county treasurer, and property owner.