Updated 09/05/2012 06:51 AM
Utica plans to sell vacant homes in auction
Utica's Urban Renewal program works to sell foreclosed or abandoned properties to buyers who plan to redevelop and improve the location. But there are many homes and empty lots that are outside of Urban Renewal's borders. As our Cara Thomas reports, after three years, the city of Utica is doing something about it.
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UTICA, N.Y. -- Economic struggles have resulted in many people losing their homes, many to tax foreclosure. When that happens, the property is either taken care of by a bank or it's given to the local municipality. Over the years, the City of Utica has acquired hand fulls of properties and they're ready to sell.
Mayor Robert Palmieri said, "You're looking at an opportunity for individuals to purchase a property that will be very affordable and more importantly it's something we will no longer have to maintain, take care of and we're going to be putting it back on the tax rolls."
Utica's Urban Renewal Department has worked diligently this year selling more than 55 foreclosed properties, but there are numerous homes and lots that are outside of their boundaries. And those locations will be sold through an auction this Thursday at City Hall.
"Some of these homes will obviously need some type of upgrading and some curb appeal to them, so it'll be an investment on their time but obviously we're looking for somebody to reinvest into the City of Utica," said Palmieri.
Eight homes and 11 property lots will be up for auction on Thursday. But officials say anyone who would like to see them beforehand can.
Andy Brindisi, Sales Coordinator for the Urban Renewal Department said, "Some of the lots are buildable, they're lots that have been with the city since the 1940s that are finally going."
Organizers say with a little bit of love these properties have great potential. But all properties will be sold as is, including the good and the bad. Bidders will know ahead of time if there are any outstanding liens or other financial debts on the property.
Mayor Palmieri said, "Let's put it this way, there won't be anything they won't know about."
He says their goal for Thursday's auction is to raise about a quarter of a million dollars. He says money will go directly back into the city's budget.
To see a property or lot before Thursday, contact Utica's Urban Renewal Department.
Or go to Auction's Facebook Page for property photos and descriptions.