judicial foreclosure; excess proceeds sale

HB 2780 amends Arizona tax lien foreclosure procedures to clarify how property owners and lien holders handle "excess proceeds" when a tax lien sale exceeds costs. It requires courts to determine if selling property for excess proceeds (above $2,500 over lien costs) is reasonable, based on documented expenses like interest, fees, and property value estimates. The bill sets a 60-day timeline for public auctions after a court judgment and specifies that property owners retain rights to excess sale proceeds if the sale is deemed reasonable. This directly affects tax lien purchasers, property owners facing foreclosure, and county treasurers managing these proceedings. The changes streamline the process for resolving surplus funds after tax lien foreclosures.