Arizona Real Estate License Practice Exam 2025 – All-in-One Resource to Pass with Confidence!

Question: 1 / 1505

A property is in the process of being foreclosed. Who is responsible for the property taxes?

Beneficiary

Trustor

The trustor, who is the borrower in the context of a trust deed, remains responsible for property taxes even when the property is in foreclosure. This is because, until the property is sold or the title is transferred to another party, the trustor still holds the legal ownership responsibilities associated with the property, which includes paying property taxes.

During foreclosure, while the lender (beneficiary) may have a secured interest in the property, it does not absolve the trustor of their obligation to pay taxes until default and eventual foreclosure process complete the transfer of ownership. The successful bidder assumes responsibility for taxes only after acquiring the title, and the trustee’s role is generally to oversee the foreclosure process and facilitate the sale of the property rather than managing tax responsibilities.

Hence, the trustor's continued responsibility for property taxes during foreclosure makes this the correct answer.

Get further explanation with Examzify DeepDiveBeta

Successful bidder

Trustee

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy