Mayor Madden: City Accepting Bids for Purchase of City-Owned Foreclosed Properties

Mayor Madden: City Accepting Bids for Purchase of City-Owned Foreclosed Properties

For Immediate Release
January 6, 2021

Mayor Madden: City Accepting Bids for Purchase of City-Owned Foreclosed Properties

TROY, NY – Mayor Patrick Madden today announced the City is currently accepting bids for the purchase of available city-owned foreclosed properties. A total of 29 properties are available for sale, including vacant land zoned for residential use and 1 and 2 family homes.

Mayor Madden said, “The sale of foreclosed properties creates new opportunities for investment in our neighborhoods, helping bring new activity to vacant land and inactive buildings while growing the tax base. I encourage interested individuals and families to explore the properties available for purchase this winter.”

To view the full list of available foreclosed properties, visit the City Assessor’s Office webpage.

Bid proposals must be delivered by mail to the Office of the City Assessor, 433 River Street, Ste. 5001, Troy New York 12180 by 4:00 p.m. Monday, February 1st. Proposals can also be delivered in-person by appointment with the City Assessor’s Office. To schedule an appointment, please call (518) 279-7126.

Please note: individuals or entities with outstanding tax liens or open Code Enforcement violations are ineligible to submit bids. Proposals received from those in this category will not be considered.

For questions regarding the foreclosed property sale process, please contact the Assessor’s Office at (518) 279-7126 or (518) 279-7127.

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Press Contact:
John Salka, Deputy Director of Public Information
[email protected] / (518) 279-7131