Protects equity accrued by property owner in tax sale foreclosure.

This bill changes New Jersey's tax foreclosure process to protect property owners' equity. Instead of automatically transferring full ownership to the tax sale purchaser after a court rules against redemption, the bill requires courts to establish a first-priority lien for unpaid taxes plus costs. The property must then be sold at a public online auction, with proceeds first repaying the lien holder (tax purchaser) and municipal liens. This directly affects property owners whose tax sale certificates led to foreclosure actions, ensuring they retain equity through the sale process rather than losing ownership outright. The bill amends tax foreclosure statutes to mandate this auction system, replacing the previous automatic fee-simple transfer.