Ariz. Rev. Stat. » Title 33

Ariz. Rev. Stat. § 33-726

Redemption of property by payment to officer directed under foreclosure judgment to sell the property

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If payment is made to the officer directed to sell mortgaged property under a foreclosure judgment, before the foreclosure sale takes place, the officer shall make a certificate of payment and acknowledge it, and the certificate shall be recorded in the office in which the mortgage or deed of trust is recorded.

Notes of Decisions
Cited in 6 cases, 1978–1992 · leading case: Mid Kansas Federal Savings & Loan Ass'n of Wichita v. Dynamic Development Corp.
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Mid Kansas Federal Savings & Loan Ass'n of Wichita v. Dynamic Development Corp. (1991) ariz · cites it 2× “The holder may, however, seek to foreclose the deed of trust as if it were a mortgage, as allowed by § 33-814(E); if he does so, the debtor is allowed redemption rights under §§ 33-726 and 12-1281 through 12-1289 and is thus protected from low credit bids, but the holder may…”
Chaparral Development v. RMED International, Inc. (1991) arizctapp · cites it 2× “See A.R.S. §§ 33-726 and 12-1282. Id. at 439, n.”
Patton v. First Federal Savings & Loan Ass'n of Phoenix (1978) ariz · cites it 2× “See A.R.S. § 33-726 and A.R.S. § 12-1281 et seq.”
Patton v. FIRST FED. SAV. & LOAN ASS'N, ETC. (1978) ariz · cites it 2× “See A.R.S. § 33-726 and A.R.S. § 12-1281 et seq.”
Schoonover v. Arizona Title Insurance & Trust Co. (1980) arizctapp · cites it 2× “See A.R.S. §§ 33-726 and 12-1282. must be taken, is a reference to the day, month and year when the designated event occurs.”
Tanque Verde Anesthesiologists, Ltd. Profit Sharing Plan v. Proffer Group, Inc. (1992) arizctapp “The lender therefore may not waive the security and sue on the note.”
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