Bill > HB2107

This bill amends Arizona's property tax foreclosure law to provide additional protections for homeowners by prohibiting foreclosure actions on a property owner's primary residence. Specifically, the bill modifies the existing law to prevent tax lien certificate holders from initiating foreclosure proceedings if the property is the owner's primary home. Instead, the county treasurer is now required to help recover unpaid tax amounts through alternative methods such as requesting a debt setoff, garnishing earnings, establishing a payment plan, or using other legal methods. The bill maintains the existing timeframe for potential foreclosure (between three and ten years after the tax lien sale) but creates a new exception for primary residences. The changes apply to tax liens sold on or after the bill's effective date, aiming to give homeowners more options and protection against losing their primary residence due to unpaid property taxes. Key terms like "certificate of purchase holder" refer to the entity that has purchased the tax lien on a property, which previously had the right to pursue foreclosure after a certain period.

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https://apps.azleg.gov/BillStatus/BillOverview/81800