Bill > HB6261

This bill provides a procedure for persons claiming an interest in property that was forfeited to a county treasurer for delinquent taxes and subsequently foreclosed upon. The key provisions are: 1. Persons claiming an interest must file a notice of intention with the circuit court within 90 days of the property vesting in the foreclosing governmental unit or, if the property vested within 2 years prior to the effective date of the bill, within 90 days of the effective date. 2. The foreclosing governmental unit must respond to each claimant with information about the property, including the sale price and any remaining proceeds. 3. Claimants can then file a motion with the circuit court to claim any remaining proceeds based on their interest in the property prior to foreclosure. 4. The court will hold a hearing to determine the priority and value of each claimant's interest and order the payment of any remaining proceeds accordingly. 5. Payments will be made by either the foreclosing governmental unit or the state Department of Treasury, depending on when the property vested in the foreclosing governmental unit.