Monday, August 13, 2007

Upstate NY City To Auction Properties For Delinquent Taxes; Refuses To Accept Late Payments From Owners

The Buffalo News reports:
  • "The city [of Lockport, New York] is holding a tax foreclosure auction Tuesday, and some of the owners — make that former owners — of the properties to be sold are griping that the city won’t allow them to pay off the back taxes and keep their real estate."
Reportedly, the city's position is that - according to New York law - once a judge signs the foreclosure orders, it is too late to redeem the property by paying the taxes and becomes the property of the city on an interim basis. Niagara County, on the other hand, follows a policy to accept back tax payments even on the day of the auction. For more, see Lockport owners are not allowed to pay back taxes, keep property.