Foreclosure Auction - April 25, 2009 - North Tonawanda NY 14120

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NORTH TONAWANDA TO AUCTION 15 FORECLOSED PROPERTIES, RETURN THEM TO TAX ROLLS

Through the efforts of City Attorney Shawn P. Nickerson and City Clerk-Treasurer Robert G. Ortt, the City of North Tonawanda will conduct a live auction of approximately 15 tax-foreclosed and City owned properties on Saturday, April 25, 2009, starting at 10:30 AM.

According to City Clerk-Treasurer Robert G. Ortt, "These properties represent more than $500,000.00 in tax dollars that are due to the City and have not been collected for several years. The cost of that is borne by the taxpayers who do pay their taxes. This is an important and necessary step to return these properties to the tax rolls so that we can lift some of the burden off of the property owners who have made their payments all along."

Some of the featured properties include the former Parkside Lanes bowling alley, located at 500 Schenck Street, the large parking lot across the street, vacant industrial parcels, houses, and residential building lots. There will be no reserve prices on the properties.

Local residents of Niagara and Erie counties are encouraged to take a look at these sale properties. There are currently 16 properties in the sale. Interested bidders can visit the City of North Tonawanda City Clerk-Treasurer's website and click on the auction link at the bottom of the page. They can also go to www.auctionsinternational.com directly for free sale catalogs with tax maps, photos, terms and conditions for the sale.<!--more-->

The contents of the bowling alley are being offered for sale via online auction at www.auctionsinternational.com. There are 95 lots in all, including restaurant style kitchen equipment, bowling balls, racks and pins, bar items, sound reinforcement items and much more. The online contents auction is running currently, with bids scheduled to close on Wednesday, April 29 starting at 6 pm.

City Attorney Shawn Nickerson said, "This is a first for North Tonawanda - we are auctioning the contents of these properties online in conjunction with the live real estate auction. Between the two auctions, we expect to maximize the revenues coming into the City, which will help replenish some of the tax dollars that have been lost on these properties prior to their foreclosure".

Auctions International, based in Cheektowaga, will be conducting the live real estate auction and the online contents auction. Interested parties can contact the auctioneers directly for more information about the auction process at (800) 536-1401, Monday through Friday, from 9 am - 5 pm.

Thinking of selling your North Tonawanda home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Colleen Kulikowski at (716) 743-5297 to discuss what is happening in today's Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home, just fill out the form below.

View WNY Market Area Statistics here.

All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.

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