Section 10362 Of Article 8. Application Of Sale Proceeds Of Encumbered Property; Sale To Lienholder From California Probate Code >> Division 7. >> Part 5. >> Chapter 18. >> Article 8.
10362
. (a) If encumbered property is sold, the purchase money, or
so much of the purchase money as is sufficient to pay the amount
secured by the lien on the property sold and the expenses of the
sale, may be paid to the clerk of the court. Upon the payment being
so made, the lien on the property sold ceases.
(b) The clerk of court without delay shall use the money paid to
the clerk under this section to pay the expenses of the sale and to
pay and satisfy the amount secured by the lien on the property sold.
The clerk shall at once return the surplus, if any, to the personal
representative unless the court, for good cause shown and after
notice to the personal representative, otherwise orders.