Creates and modifies provisions relating to real estate transactions

Summary

The bill eliminates the two‑year delinquency requirement for tax foreclosures, changes ownership and appointment rules for land banks, and adds new disclosure requirements for real‑estate wholesalers and sale‑leaseback deals. It also updates land‑tax collection procedures and makes technical tweaks to related statutes. The changes affect counties, municipalities, land‑bank agencies, property owners, wholesalers, buyers and the Attorney General.

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