The proposed bill, if enacted, would amend several sections of the Arizona Revised Statutes related to judicial foreclosure of the right of redemption. It would allow purchasers, their heirs, or assignees of a tax lien to include a request in their foreclosure action to determine the reasonableness of the sale of property to recover excess proceeds. This request must be made before the court's judgment becomes effective. Additionally, the bill clarifies that the sale must occur within 60 days after the judgment unless otherwise specified, and it corrects statutory references regarding minimum and opening bids.

Furthermore, the bill specifies that any party entitled to proceeds from the sale can initiate a civil action against the qualified entity if it fails to distribute the proceeds properly. It also clarifies that liens and encumbrances on the delinquent taxpayer and their other properties remain unaffected unless satisfied from the sale proceeds. Overall, these updates aim to enhance the judicial process surrounding tax lien foreclosures and ensure fair treatment of all parties involved.

Statutes affected:
Introduced Version: 42-18201, 42-18204, 42-18233, 42-18234, 42-18235, 42-18236, 42-18114, 42-18121, 42-18116, 9-276, 9-499, 42-18232
House Engrossed Version: 42-18201, 42-18204, 42-18233, 42-18234, 42-18235, 42-18236, 42-18114, 42-18121, 42-18116, 9-276, 9-499, 42-18232