CT SB00409

Allows municipalities to assign tax liens exceeding $5,000 to third parties for consideration, with assignees possessing the same powers as the municipality to enforce liens through foreclosure and debt collection.

Requires tax lien assignees to evaluate homeowners' ability to repay over at least 24 months before foreclosure, file affidavits documenting collection efforts, and limit attorneys' fees to $1,500 for uncontested cases or $150/hour for complex litigation.

Requires assignees to provide 60-day written notice to mortgage holders before foreclosure and provide payoff statements like mortgagees, with interest capped at 10% annually on delinquent taxes.

Expands the Emergency Mortgage Assistance Program to cover tax and sewer liens and homeowner association assessment debts, allowing homeowners facing lien foreclosure to receive assistance payments up to 60 months.

Requires lienholders to provide homeowners 60 days to meet and resolve delinquencies before foreclosure, and establishes a 30-day determination period for assistance eligibility during which foreclosure judgments cannot be entered.