House Bill 2098 introduces amendments to the Arizona Revised Statutes regarding the foreclosure of real property tax liens and the sale of foreclosed properties. The bill allows property owners to request a court to determine the reasonableness of a sale for excess proceeds when their right to redeem is being foreclosed. It outlines the procedures for the sale, including notice requirements, auction conduct, and distribution of proceeds. The bill also defines "qualified entity," modifies the language for notifying property owners about foreclosure actions, and specifies the process for refunding partial payment amounts. Changes include the exclusion of certain judgments from writs of execution and a mandate for the county treasurer to issue refunds within thirty days in specific cases.

The bill revises the process for tax lien sales, clarifies the role of the certificate of purchase holder, and introduces a new article 6 in title 42, chapter 18 of the Arizona Revised Statutes. It changes the term "purchaser" to "certificate of purchase holder" and includes judgments directing the sale of property under the new article. The bill also adds a requirement to inform property owners of the option to request an excess proceeds sale in the notice of intent to file a foreclosure action. The act will apply to foreclosure actions filed after its effective date, incorporating technical and conforming changes to the existing law.

Statutes affected:
Introduced Version: 11-495, 42-18103, 42-18108, 42-18127, 42-18151, 42-18152, 42-18154, 42-18201, 42-18202, 42-18204, 42-18205, 42-18302, 42-18303, 11-496, 42-18116, 42-17401, 48-721, 9-500.23, 42-18114, 42-18056, 42-18121, 42-18153, 42-13051, 9-276
House Engrossed Version: 12-1551, 42-18152, 42-18202, 42-18204, 42-18205, 42-18206, 12-1612, 13-805, 42-18056, 42-18201, 42-13051, 42-18116, 9-276, 9-499, 12-1191