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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) The court shall cause the property to be sold in satisfaction of the liens and costs as in the case of a foreclosure of a mortgage, subject to the same right of redemption.
(2) If the proceeds of sale after the payment of costs are not sufficient to satisfy the whole amount of liens included in the decree, then the proceeds shall be paid in the order designated in Section 38-1a-703, and pro rata to the persons claiming in each class if the sum realized is insufficient to pay the persons of the class in full.
(3) Any excess sale proceeds remaining after the payment of all liens and costs shall be paid to the owner.
Cite this article: FindLaw.com - Utah Code Title 38. Liens § 38-1a-704. Sale of property--Redemption--Disposition of proceeds - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-38-liens/ut-code-sect-38-1a-704/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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