Code · Arizona · Title 33 — Probation, Prisons, Pardons, and Prisoners

33-723. Right of junior lien holder upon foreclosure action by senior lien holder

82 words·~1 min read·/az/title-33/33-723

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any time after an action to foreclose a mortgage or deed of trust is brought, and prior to the sale, a person having a junior lien on the property shall be entitled to an assignment of all the interest of the holder of the mortgage or deed of trust by paying him the amount secured, with interest and costs, together with the amount of any other superior liens of the same holder. The assignee may then continue the action in his name.