Real Property Auction
NEXT AUCTION--Sealed Bids Due October 15th, 2014
Brochures will be available after September 8th. The SEARCH THE PARCELS section will be activated soon! The preliminary list of SCHEDULED SHOWINGS is available here: OCTOBER 15 2014 AUCTION SHOWING SCHEDULE .
Sealed Bid Forms are due on October 15th 2014. The OCTOBER 2014 Sealed Bid form is listed under the Auction Forms box on this page.
A schedule of showings will also be printed in the brochure. Information on those dates and times is available by calling 518-447-7086. Please check back to the website for updates for added showing dates/times!
The Information Board in the lobby of 112 State Street will also contain any updates to showings and parcels removed from bidding prior to October 15th.
If you have already been pre-approved for auction bidding in 2014, you do not need to re-submit the pre-registration form. If you have not bid in 2014 please bring a photo ID to Room 800 at 112 State Street and pre-register for this auction. New bidders will need to submit a completed pre-qualification form with their photo ID. See: PRE-QUALIFIED BIDDER FORM 2014
The County runs background checks on all bidders to ensure that there are no codes, bankruptcy or other legal issues impacting property ownership. You must list all properties owned by the bidder(s). The name(s) registered will be the name(s) on the deed, so please make sure that information is updated and accurate when registering.
The AUCTION INFORMATIONAL MEETING will be held on Thursday, September 25th from 6:00 PM until 8:00 PM in the Cahill Room at 112 State Street in downtown Albany. Staff will be on hand to register bidders, answer questions and provide after-hours access to the Property Folders.
Please remember that if the County cannot confirm that you have examined the property folders and inspected the properties on-site, your Sealed Bid RFB will be rejected.
These properties came into County ownership due to unpaid taxes—in many cases the assessed value exceeds the taxes that were owed. The former owner abandoned the property to foreclosure rather than sell it for $1,000 above taxes owed. You need to figure out why. Do your research and bid only on those that you have fully investigated
It is a Good Idea to Check: Current Water and Sewer Bills; Past Codes Violations; Current Year Tax Bill (will be pro-rated at closing); Zoning and Planning Allowed uses after closing—prior use does not guarantee future zoning .
- Buildings are bought AS IS—no guarantee of condition;
- If you have not seen the property, do not bid on it;
- If you have not read the Property Folders, do not bid;
- Eviction of Occupants is the responsibility of the bidder after closing.
LIST OF PARCELS--OCTOBER 15TH 2014 SEALED BIDS
Attached is the list of parcels currently listed list for bidding. Sealed Bid Forms are Due on October 15th, 2014 in Room 800 at 112 State Street, Albany, NY.
OCTOBER 15 2014 AUCTION LIST PDF
OCTOBER 15 2014 AUCTION LIST EXCEL
May 2014, Sealed Bids--CLOSING LETTERS MAILED
These parcels are scheduled to be closed by mid-September 2014
June 7th 2014, Live Bids--CLOSING LETTERS MAILED
These parcels are scheduled to be closed by mid-September 2014
June 20th, 2014 Sealed Bids--Bids Under Review by Legislature in September 2014
These parcels are anticipated to close by November 2014, depending on approvals of bids
County Owned Property Listing
General Notes about Bidding on Foreclosed Properties
Do your Research, Make an Offer!
Properties are sold "AS-IS". These buildings and vacant lots were abandoned by the former owner for unpaid delinquent taxes. You are buying foreclosed properties by Quit Claim Deed. You must fully research any property bid upon.
Bidders are required to examine the property folders at 112 State Street and do on-site visits to the properties they bid upon. The County will not refund deposits due to bidder mistakes or lack of knowledge about a property.
Be sure to check for available federal and state tax credits, such as those provided for Historic Rehabilitation. Please go to the NYS Historic Preservation site for more details: http://nysparks.com/shpo/tax-credit-programs/ . The County does not provide grants for tax foreclosed parcels sold at Public Auction.
Break the Cycle of Decay
Bids on buildings should focus on turning vacant spaces into vibrant places. The structures listed here were abandoned to foreclosure after years of neglect. When you buy them you accept responsibility for reversing that disinvestment. You will also be required to provide proof of financing.
Remember you must comply with local ordinances related to vacant buildings
You may find these webpages and documents helpful:
Where do I begin?
Once the list of County owned properties is posted for bidding, you must begin with these three steps:
- Come to Room 800 at 112 State Street view the property files and then register to bid. Photo ID will be required for registration;
- Set up an appointment to view the property. Bidders must do on-site inspections prior to submitting bids;
- Figure out what your cost of rehab will be for any building, what the zoned use is for vacant land, and add those costs to the bid form. Remember to include “sweat equity” where you are doing the work yourself!
Long term result is more important than today’s bid price! Consider the total investment and long term value of your parcel—owner occupied or rental, side lot or community garden, each use has a community benefit that you should identify in your bid proposal. Any bidder with demonstrated prior success with distressed property rehab should identify completed projects.
Bidders must be pre-qualified
By registering you are certifying that you meet these basic criteria:
- No unresolved citations or Code Violations, No Vacant Building Court Actions within the past 3 years;
- No Criminal Activity at any Property Owned by Bidder;
- No Delinquent Taxes;
- No abandonment of property to foreclosure within the past two years.
Once registered, the County will perform background checks on all bidders to confirm that none of these conditions exist PRIOR to accepting bids. Deeds can only be recorded into the name of the registered bidder!
All bids must be reviewed and forwarded to the County Legislature for authorization to close. It is the intent of the County to consider the long term impact of these sales, rather than awarding sales on the sole basis of highest amount offered in this process.
See the Properties, Document Conditions, Do your Research!
Showings will be scheduled where there are interested bidders. You must come to Room 800 at 112 State Street and review the property file prior to scheduling a viewing of the property. Once you have provided registration information and viewed the files, please call 518-447-7086 to schedule a showing.
New Section for Bids—400+
Invest in Success! The County reserves the option of requiring escrow funds where property condition is noted as poor. In these instances the bidder may be required to provide a certified funds check at closing for the anticipated roof repair/stabilization costs. As repairs are made, these funds will be released back to the owner. See property folders for additional details.
Suggestions for Bidders
Bids that include plans benefiting our neighborhoods in the long term will be rated higher!
Look for projects that foster the development, redevelopment or rehabilitation of property to achieve one of the following community benefits:
- Blight remediation;
- Creation of affordable housing;
- Creation of employment opportunities;
- Neighborhood stabilization and revitalization;
- Historic preservation;
- Increase the tax rolls;
- Community improvement or beautification
Good luck and thank you for your interest in property ownership in Albany County.
CHECK ONLINE UPDATES and ANNOUNCEMENTS CAREFULLY
All posted announcements take precedence over previously printed materials. This is how the County corrects, updates, adds or deletes information before the bidding ends.
ALBANY COUNTY DOES NOT PROVIDE TITLE INSURANCE ON ANY PARCEL SOLD. We strongly recommend that bidders secure title searches prior to bidding and/or closing on properties.
AUCTIONS WILL ONLY BE HELD IF THERE ARE PROPERTIES IN COUNTY OWNERSHIP. Property listings become available online and in print approximately five (5) weeks prior to auction day. An informational meeting will be held 10-15 days prior to the auction. Property files will be available afterward for public viewing.
Please check our website each month!