AZ HB2780

Allows property owners or certificate of purchase holders to request an "excess proceeds sale" during judicial foreclosure of tax liens, where proceeds above the debt owed are returned to the property owner

Courts must determine if an excess proceeds sale is reasonable when the property's sale price is likely to exceed the total debt by more than $2,500

Requires excess proceeds sales to be held no later than 60 days after the court judgment ordering the sale, with minimum bids set at the total amounts owed

Proceeds from sales must be distributed within 90 days, with remaining funds after paying liens and costs going to the former property owner

Qualified entities that fail to distribute proceeds within 90 days must pay interest at the statutory judgment rate until compliance