Arizona · money left over after a tax-deed sale
A court-appointed 'qualified entity' (bank, escrow agent, law firm or special master) that runs an excess proceeds sale. For land the state already holds by tax deed, the county treasurer holds the money.
The qualified entity must pay out within 90 days after the sale. Money unclaimed after 90 days goes to Arizona's unclaimed property program.
Arizona sells tax liens, so you must act in the lien buyer's foreclosure lawsuit. Before judgment, ask the superior court for an 'excess proceeds sale' and give a market-value estimate. If the court grants it, the property is auctioned and you get what remains after the lien buyer, taxes and other liens are paid. If no one asks for an excess proceeds sale, the lien buyer gets the deed and there is no surplus.
Ask the clerk for the deadline.
Who holds it: A court-appointed 'qualified entity' (bank, escrow agent, law firm or special master) that runs an excess proceeds sale. For land the state already holds by tax deed, the county treasurer holds the money.
How long: The qualified entity must pay out within 90 days after the sale. Money unclaimed after 90 days goes to Arizona's unclaimed property program.
How you claim: Arizona sells tax liens, so you must act in the lien buyer's foreclosure lawsuit. Before judgment, ask the superior court for an 'excess proceeds sale' and give a market-value estimate. If the court grants it, the property is auctioned and you get what remains after the lien buyer, taxes and other liens are paid. If no one asks for an excess proceeds sale, the lien buyer gets the deed and there is no surplus.
Your deadline: ____________ (confirm it with the clerk)
Not researched yet — ask the clerk
Source: A.R.S. § 42-18204; A.R.S. §§ 42-18231; A.R.S. § 42-18303(C); A.R.S. §42-18204(A)-(B); A.R.S. §42-18204(D)(3); A.R.S. §42-18231; A.R.S. §42-18236; A.R.S. §42-18261. Researched, not yet checked by a lawyer; confirm with the clerk. Not legal advice.