Mayor Madden: City-Owned Foreclosed Properties Available for Bid

Mayor Madden: City-Owned Foreclosed Properties Available for Bid

For Immediate Release
July 13, 2020

Mayor Madden: City-Owned Foreclosed Properties Available for Bid

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TROY, NY – Mayor Patrick Madden today announced the City of Troy is accepting bids for purchase of available city-owned foreclosed properties. A total of 44 properties are available for sale, including 1 and 2 family homes, and vacant land zoned for residential use.

Mayor Madden said, “The City of Troy remains a great place to own a home and raise a family. Selling foreclosed properties help return inactive buildings to productive use, stabilize neighborhoods, and grow the local tax base. Whether you’re looking to purchase an existing home, or interested in building your own, this year’s foreclosed property sale has a number of available opportunities for those interested in Troy.”

For a full list of available foreclosed properties, visit the Assessor’s Office webpage.

The Assessors’ Office is accepting proposal applications for any of the available properties. 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. Friday, July 31. Proposals can also be delivered in-person by appointment with the Assessor’s Office. To schedule an appointment, please call (518) 279-7126.

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 between the hours of 8:30 a.m. and 4:30 p.m., Monday – Friday.

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