Concerns actions to foreclose right to redeem tax sale certificate under "tax sale law."

This bill modifies New Jersey's tax foreclosure process for properties that were the homeowner's primary residence. Currently, if a homeowner fails to pay taxes and a tax lien holder forecloses after two years, the homeowner loses the property and all equity. Under this bill, the court would order an online auction of the property instead of granting full ownership to the tax lien holder. Proceeds from the auction would first cover the tax lien holder's costs (including unpaid taxes, interest, and legal fees), then municipal liens, with any remaining funds returned to the homeowner to secure new housing. This change ensures homeowners retain funds after foreclosure to avoid homelessness, while still compensating the tax lien holder and municipality.