Following a trustee sale, the trustee who conducts the trustee sale will apply the funds received at the trustee sale to pay off the loan balance. In the event the mortgage loan is paid off in full, and there are still “Excess Proceeds” left over, these funds will be deposited with the Maricopa County State Treasurer’s Office or with the County where the home is located. If the homeowner is the rightful owner of these “Excess Proceeds”, the homeowner will not receive these funds until they actively apply through the Superior Court of Arizona to obtain these funds. To claim Excess Proceeds, please contact Ellen Lawson.
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