2019 Idaho Code
Title 45 - LIENS, MORTGAGES AND PLEDGES
Chapter 15 - TRUST DEEDS
Section 45-1507 - PROCEEDS OF SALE — DISPOSITION.

Universal Citation: ID Code § 45-1507 (2019)

45-1507. PROCEEDS OF SALE — DISPOSITION. The trustee shall apply the proceeds of the trustee’s sale as follows:

(1) To the expenses of the sale, including a reasonable charge by the trustee and a reasonable attorney’s fee.

(2) To the obligation secured by the trust deed.

(3) To any persons having recorded liens subsequent to the interest of the trustee in the trust deed as their interests may appear.

(4) The surplus, if any, to the grantor of the trust deed or to his successor in interest entitled to such surplus.

History:

[45-1507, added 1957, ch. 181, sec. 7, p. 345.]

Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.