10/19/2009

City Sale - In rem, Next Monday

The city's tax foreclosure auction - inrem 43 - opens next Monday October 26 and runs for three days at the Convention Center. Here the details from the City's site.
The Property Foreclosure Auction will be held October 26, 27 & 28, 2009. Registration will start at 7:30 a.m. The Auction will start at 9:30 am. The auction will be held at: Buffalo Convention Center, Convention Center Plaza, 153 Franklin Street, Buffalo, New York 14202.
Someone has compiled a user friendly spreadsheet and accessible data base to search for what's been called by a number of housing activists the longest list of properties ever assembled for auction in the City of Buffalo.

I've reviewed the entire list. There are a number of amazing residential - east and west side - light commercial and industrial properties on the list this year. In addition, there are three heritage properties that I've profiled and posted about in the past that appear this year for the first time and one for the second time. I'll be posting about these in the next few days. Staggering. Really.

Please consider commenting here if you're living somewhere beyond the city's limits where laws and regulations allow for the disposition of real property - that's tax delinquent - in different and perhaps more creative or effective ways. Said otherwise, are there ways to handle the dynamic - non payment - in ways that are more respectful and sensitive to neighborhood preservation and an individuals capacity to remain current with property taxes and fees.

See also - Part II - Part III - Part IV
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3 comments:

nattie said...

i noticed 16 harwood isn't on the block...

i'll be watching this space for the properties, and people's suggestions on dealing with tax delinquent properties

fixBuffalo said...

Nattie -

Properties that are currently owned by the City are not being auctioned next week. Next week's Inrem auction involves property that is privately owned and delinquent on taxes, fees and or water bills.

The city will take over a number of the properties that you'll find on the spreadsheet/database - if past experience is any guide - and then they'll be available for purchase through the Dept of Real Estate. This is what happened with 16 Harwood Place/Lyth Cottage.

How are tax delinquent properties processed where you live?

EAL said...

I've found in the past that a lot of those properties end up being pulled because the owners make a deal, and meant to all along. Though they shouldn't let it get this far, of course.