SENATE BILL REPORT

SB 5054

BYSenators Garrett and Barr

Revising provisions relating to foreclosure proceedings.

Senate Committee on Judiciary

Senate Hearing Date(s):February 3, 1987

Majority Report:  Do pass.

      Signed by Senators Talmadge, Chairman; Halsan, Vice Chairman; McCaslin, Nelson, Newhouse.

Senate Staff:Jon Carlson (786-7459)

                  March 11, 1987

AS PASSED SENATE, MARCH 10, 1987

BACKGROUND:

Under current law, if taxes charged against real property are delinquent, proceedings may eventually be initiated to foreclose upon the property.  The property is sold to the highest bidder at a tax judgment sale to satisfy the full amount of taxes, interests, and costs.  However, the statute prohibits a county officer or employee from being a direct or indirect purchaser of property at a tax judgment sale.  It is suggested that concern with respect to county officials or employees participating in such a sale is unwarranted, particularly since these sales are public proceedings.

SUMMARY:

County officers or employees are allowed to purchase property at tax judgment sales.

Fiscal Note:      none requested

Senate Committee - Testified: Senator Barr