Bill Title: Authorizes localities to convey distressed residential real property that has been foreclosed upon for non-payment of real estate taxes to a third party; establishes that third party may be an individual or for-profit or not-for-profit entity which would rehabilitate and manage such property, providing needed housing while restoring the property to the non-delinquent tax rolls; called "third party transfer program".

Spectrum: Strong Partisan Bill (Republican 14-1)

Status: (Introduced - Dead) 2012-01-04 - referred to real property taxation [A02579 Detail]

Text: Latest bill text (Introduced) [HTML]

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