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SCHENECTADY
Delinquent? Pay up or get out
City officials sympathize with homeowners as tax foreclosures begin
BY KATHLEEN MOORE Gazette Reporter

    On Tuesday, the city’s attorney will fi le for tax foreclosures on more than 100 properties.
    The process has been nearly a year in the making, as city officials created a list of the city’s most derelict properties and crossreferenced that with the list of delinquent taxpayers.
    Then they had to track down the owners — not as easy task, particularly since some simply abandoned their buildings and moved to other states. Others turned out to be dead. Still others bought property as an investment, rented out the units, and kept the money, not using any of it for maintenance or taxes.
    There are also a few owner-occupied properties, which will be treated slightly differently during the foreclosure process. Corporation Counsel John Polster said some owners paid their taxes when he sent them a letter warning them of the foreclosure filing. Others will pay once they get notification that the matter has gone to court, he said.
They will have until Aug. 29 to pay the taxes and stop the foreclosure.
“That’s their second chance,” Polster said.
    For owner-occupants, there will be a third chance: after the foreclosure, they will be given a short time to buy back their property by paying all the overdue taxes and the city’s costs, estimated to be $1,000.
    They will likely have less than a month to buy back the property.
    Owners who don’t live on the property won’t get a third chance. If they don’t pay the taxes when they get the court filing notice, they will lose it.
    Polster said offering a buyback requires some extra work — a judge must order all the liens on the deed restored. Liens are wiped out by foreclosure, and he doesn’t want owners to use foreclosure to wipe out debts, fines and other liens.
    With foreclosure possibly happening at the end of August, city officials hope to put many properties up for sale this fall.
    That could lead to much-needed revenue this year; the city had budgeted to get $400,000 from sales, but the foreclosure process took far longer than anticipated. In January, Mayor Gary McCarthy said it appeared unlikely that the city would be able to sell houses in time to meet that goal.
    City officials acknowledged that selling hundreds of buildings in four months is difficult, but they are going to try.
    “From a real estate perspective, spring and fall are prime times,” Councilman Carl Erikson said.
    Homeowners will get a few weeks for their third-chance buyback, but he said those properties must be put up for sale before the end of September.
    “I don’t want to move past the prime selling time in the fall,” Erikson said. “If it goes into September, it might increase our chance of carrying the property through the winter.” ..............................>>>>........................>>>>...........................http://www.dailygazette.net/De.....r00100&AppName=1

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    City officials acknowledged that selling hundreds of buildings in four months is difficult, but they are going to try.
    “From a real estate perspective, spring and fall are prime times,” Councilman Carl Erikson said.

Who they going to sell them to? In four months lol.  Spring and fall prime times says Erikson     In Sch'dy there is no prime time.

More nothing from the DEM morons. Instead of knocking down surplus eyesores they think some sucker will buy and pay their insane DEM taxes? They still haven't got a clue. NO ONE wants to pay your taxes. Even DEM cheerleaders. Keep the DEM implosion going! BTW summer is the prime time for sales not the fall. But nothing sells in the City no matter the season.

Quoted from rpforpres

Who they going to sell them to? In four months lol.  Spring and fall prime times says Erikson     In Sch'dy there is no prime time.

Well, according to DV, the city is in a grand renaissance.   Everything is getting better, you know.   The tax RATE, he claims is lower than it was in the 1950's (but he REFUSES to provide one teeny weeny shred of evidence).

Homeowners are not avoiding paying the taxes because they don't want to (unless it's the scum lords), they don't pay because they don't have the money to pay the bills.   But the dumb dem nitwits think that the homeowners in the city who don't have the money to pay the tax bills are going to have the money to "buy their homes back."   And then the dumb dem nitwits think that homeowners who can't afford to pay their taxes are going to magically be able to afford them after they "buy their home back"  AND pay the taxes next year after they suffer from a HUGE TAX increase brought on by the wild spending of the dems which caused the MAJOR FISCAL CRISIS the city is in.    

Another STUPID idea by the dems

Watch DV post here saying it's another wonderful program by his buddy dems, this is going to be great for the city and that the renaissance continues.

Quoted from rpforpres

Who they going to sell them to? In four months lol.  Spring and fall prime times says Erikson     In Sch'dy there is no prime time.

True, even the big (in more ways than one) cheerleader for the dems in the city - even DV will not buy a house in the city, totally flat out REFUSES, heck, he won't even live IN the city as a renter!



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