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2011 SESSION
SB 1478 Judicial sale of real estate; authorizes locality to institute proceedings to sell certain property.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Judicial sale of real estate. Authorizes a locality to institute proceedings to sell real property that is located within or abutting a community development authority and upon which special taxes or assessments have been imposed when the special tax or assessment is delinquent on the first anniversary of the date on which the tax or assessment became due. Under the bill, a locality is not allowed to institute proceedings to sell property that is (i) a single-family residence if the owner of the property is the resident on such first anniversary or (ii) an individual residential unit in a multi-unit structure or building if the owner of the unit is the resident of the unit on such first anniversary.
The bill contains an emergency clause.
SUMMARY AS INTRODUCED:
Judicial sale of real estate. Authorizes a locality to institute proceedings to sell real property that is located within or abutting a community development authority and upon which special taxes or assessments have been imposed when the special tax or assessment is delinquent on the first anniversary of the date on which the tax or assessment became due. Under the bill, a locality would not be allowed to institute proceedings to sell property that is (i) a single family residence if the owner of the property is the resident on such first anniversary or (ii) an individual unit in a multi-unit structure or building if the owner of the unit is the resident of the unit on such first anniversary.
The bill contains an emergency clause.