AUBURN - A real estate foreclosure auction this week took in about $217,400 for Cayuga County. Different properties are up for sale every year and that affects the end result of the auction, said real property tax director Alan Kozlowski.
Jill Connor / The Citizen
Most of the seats are filled and some bidders are standing at the start of the 2008 Cayuga County tax foreclosure auction at the Emerson Park Pavilion in Owasco Tuesday.
Most of the seats are filled and some bidders are standing at the start of the 2008 Cayuga County tax foreclosure auction at the Emerson Park Pavilion in Owasco Tuesday.
“We have no way of gauging (profit) ahead of time,” he said.
The county sold 25 properties this year, with the highest bid of $37,000 going to 212 Wheaton St., in Cayuga, and the lowest bid of $1,000 going to 4258 State Route 38A, in Niles. Nine properties were removed from the auction days before because the owners paid the county their back taxes, Kozlowski said.
“We try to work with them right up to almost the day of the auction,” he said.
In many cases, people pay what they owe and their property gets redeemed. That's the way it is in most counties and that's the way it should be, he said.
The county has already started foreclosure actions for next year and Kozlowski predicts that there will be more properties at next year's auction because of the economy.
“Taxes are going up,” he said. “Gas is $4 a gallon. People don't have money to get around and do all the stuff they have to do.”
The county sold 25 properties this year, with the highest bid of $37,000 going to 212 Wheaton St., in Cayuga, and the lowest bid of $1,000 going to 4258 State Route 38A, in Niles. Nine properties were removed from the auction days before because the owners paid the county their back taxes, Kozlowski said.
“We try to work with them right up to almost the day of the auction,” he said.
In many cases, people pay what they owe and their property gets redeemed. That's the way it is in most counties and that's the way it should be, he said.
The county has already started foreclosure actions for next year and Kozlowski predicts that there will be more properties at next year's auction because of the economy.
“Taxes are going up,” he said. “Gas is $4 a gallon. People don't have money to get around and do all the stuff they have to do.”
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