Concerns foreclosure of certain tax liens on real property.

This bill would create a simplified process for New Jersey municipalities to foreclose on tax sale certificates they've held for at least 20 years. It allows municipalities to use a "summary proceeding" instead of the standard, more costly process, requiring a 45-day public notice period and title verification before filing court action. Municipalities must first approve the use of this process via resolution, and the simplified method would be available for up to 48 months after the bill's enactment. The bill directly affects municipalities holding old tax liens and property owners who may object during the 45-day notice period.