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Real Property Auction > Resolution 80 of 2008: New Auction Sales Process
PLEASE NOTE:
Auctions will only be held if there are properties in County ownership.
The County will also use Request for Bids (RFB) to transfer various parcels in 2009.
Please check the website each month!
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.
Division of Finance Voice: (518) 447-7070 |
Jeffrey Neal,
Director of Finance
 |
QUESTIONS?
Email us at: |
Resolution 80 of 2008: New Auction Sales Process
In support of ongoing revitalization efforts the County has adopted a new process for auction sales. Resolution 80 of 2008 requires bidders and backup bidders to provide a completed questionnaire indicating proposed use and intended timeframes for completion of work.
The County Legislature will review these submissions when bids are forwarded for approval. Information relative to rehabilitation of abandoned buildings, intended use of the property and how bidders plan to finance the improvements is required.
Bids will be recorded in the same manner as prior years. Bidding will advance until only one bidder remains. That bidder will be recorded as the successful bidder. The second highest bidder will be recorded as the back-up bidder in the event that the successful bidder cannot close.
A 20% deposit will be required at the auction site to secure bids. Those funds can be in check, cash, or certified funds. The County cannot accept debit or credit cards for auction deposits at this time.
Checks will be deposited on Saturday—PLEASE MAKE ANY NEEDED TRANFERS to cover checks by Monday morning. Returned checks will nullify your bid(s).
CLICK HERE to view RESOLUTION 80 of 2008 [PDF*]
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Request a Printed Brochure
If you want to be added to our mailing list for the printed Real Property Auction brochure, please send your name and address to:
Albany County Division of Finance
112 State St, Rm 800
Albany, NY 12207
or e-mail us at: finance@albanycounty.com
Brochures are mailed as soon as they are available. Searchable property information with color photos or tax maps will be available online.
| Delinquent Tax Lists |
View unofficial lists of properties currently subject to foreclosure and possible future sale at auction. Learn More » |
| Tax Amnesty Program Runs Through November 30th [Oct 16, 2009] |
2010 Auction Schedule
May 15
October 23
ATTENTION FIRST TIME HOME BUYERS!
You may be eligible for a property tax exemption...
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.
Listen carefully to all announcements
Announcements take precedence over written materialsThis is how the County corrects, updates, adds or deletes information before the bidding starts
Scratching your nose or pulling your ear only works in the movies!
General Guidelines:
Read the terms and conditions carefully.View properties which interest you before the auction.
Register with the County. (You can pre-register online.)
Keep your maximum bid in mind.
Listen carefully.
