judicial foreclosure; excess proceeds sale

HB 2878 modifies Arizona's tax lien foreclosure process to clarify when property owners can request a sale to recover excess proceeds above lien costs. It requires property owners or lien holders to provide specific documentation (including costs, interest, and property value estimates) to the court to determine if a sale is reasonable - specifically, if the sale price would exceed $2,500 above total lien costs. The bill sets a 60-day deadline for holding the sale after court judgment and specifies sale timing (weekdays, 9 a.m.-5 p.m.). It directly affects property owners facing foreclosure, tax lien purchasers, county treasurers, and courts handling these cases. The changes aim to standardize the process for determining fair sale prices and distributing excess funds.