judicial foreclosure; excess proceeds sale

Summary

It lets lien purchasers or the state sue to end a property owner's right to redeem a tax lien between three and ten years after the sale, and it creates a court‑supervised auction process when the sale is expected to generate excess funds. The law directs how the auction is run, who can bid, how the deed is transferred, and how the proceeds are divided among the purchaser, the state, and the former owner.

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