Revises tax lien foreclosure process to require return of surplus equity in all circumstances, requires appointment of guardian ad litem for certain persons during foreclosure proceeding.

Summary

If enacted, this bill would require that any surplus equity from a tax lien foreclosure sale be returned to the homeowner, and would require the appointment of a guardian ad litem for certain persons (such as minors or incapacitated adults) during the foreclosure proceeding. This change prevents tax lien investors from retaining surplus funds and adds protections for vulnerable property owners. The bill affects entities that invest in tax liens, such as banks and servicers, as well as property owners.