Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 12. Courts and Civil Proceedings |
Chapter 8. SPECIAL ACTIONS AND PROCEEDINGS RELATING TO PROPERTY |
Article 11. Redemption |
Sec 12-1285. Amounts payable upon redemption
Latest version.
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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.