| SB 0672 | Restricts Sale of Tax-Foreclosed Property |
| Sponsor: | CURLS | ||
| LR Number: | S2430.01I | Fiscal Note: | 2430-01 |
| Committee: | Ways and Means | ||
| Last Action: | 02/06/96 - Hearing Cancelled S Ways & Means Committee | ||
| Title: | |||
| Effective Date: | August 28, 1996 | ||
SB 672 - This act prohibits the redemption of residential
property by the owner after a foreclosure judgement for non-
payment of taxes has been entered if the property has been
abandoned for at least six months. When such property is sold,
it shall be sold for the best bid above the amount of taxes owed
upon the property. The owner may bid on the property but no
other person who has a delinquent tax bill within the county may
bid on the property.
TOM CRAWFORD