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A.R.S. § 12-1285

Amounts payable upon redemption

Applied in 2 court decisions — leading case Minnwest Bank Central v. Flagship Properties LLC (2004)

Most recently applied in Minnwest Bank Central v. Flagship Properties LLC (December 2004)

A. In redeeming property the judgment debtor shall pay the amount of the purchase price with eight per cent added thereto, together with the amount of any assessments or taxes which the purchaser has lawfully paid thereon after purchase, and interest on such amount.

B. Each subsequent redemptioner shall pay the aggregate of such amounts plus the amount of the lien thereon of the ones who may have redeemed the property theretofore. If the purchaser is also a creditor having a prior lien to that of the redemptioner, other than the judgment lien, the redemptioner shall pay, in addition, the amount of such creditor's lien with interest. The payments may be made to the officer who made the sale.

Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.