Directs how certain valuations and computations of the amount due are calculated in certain foreclosure actions

This bill (S 8595) clarifies how courts calculate the total debt in residential foreclosure cases. It requires court-appointed referees to itemize all amounts owed - like unpaid principal, interest, taxes, fees, and court costs - as of the judgment date, using only documented evidence submitted by the lender. It also sets the property auction date as the standard valuation date for calculating deficiency judgments or surplus funds, unless a court orders a different date for good cause. The law directly affects homeowners facing foreclosure and lenders seeking to recover debts, ensuring clearer, more standardized calculations in these proceedings.