Chemung County Real Property Tax Foreclosure Auction announced

Chemung County Treasurer Joseph E. Sartori has announced that Chemung County will hold a Real Property Tax Foreclosure Auction of approximately 100 properties on Wednesday, March 27 at the Holiday Inn Riverview, located at 760 East Water St. in Elmira, N.Y. This year’s auction will be conducted. by the NYSAuctions.com Team of Haroff Auction & Realty, Inc. of Schroon Lake, N.Y. and Absolute Auctions & Realty, Inc., of Pleasant Valley, N.Y.

All of the auction information, including the entire list of properties and the auction brochure, is available on the company’s website: www.NYSAuctions.com.  The website is continually updated and provides detailed information on each property. A printed auction brochure is also available by visiting any Town or Village Hall within Chemung County, the Chemung County Real Property Office or Treasurer’s Office located in the City of Elmira, or by calling 1-800-292-7653.

Anyone interested in buying at the auction is urged to attend the Bidder’s Seminar at the Holiday Inn on Monday, March 25 at 7 p.m. with early bidder registration beginning at 6 p.m. This informative seminar is presented by company representatives and is particularly useful for those attending the county auction for the first time. There is a review of the auction’s “Terms and Conditions”, and useful tips are provided to help make the bidder a more informed buyer. The seminar is a great opportunity to learn and ask questions about the entire auction process.

Auction registration will be available at the conclusion of the Bidder’s Seminar and also on the morning of the auction starting at 9 a.m. Those wishing to bid at the auction must register and provide a photo ID and social security number before obtaining a bidding number. The deed will only be issued to the name that is on the registration, and ownership of the property is not conveyed until the deed is recorded by the Chemung County Clerk.

Some of the properties in the auction will be made available to view, and the auction company will show those properties on Monday, March 25 and Tuesday, March 26.  The showing schedule will be released and posted on the company’s website on Saturday, March 23. The website address is www.NYSAuctions.com.

Successful bidders will be required to place a deposit of $1,000 or 20 percent of the total contract price (whichever is higher) at the auction. The deposit must be paid by credit card (Master Card or VISA only), cash, bank teller’s/cashier’s check or money order. Any bank teller’s/cashier’s check or money order used for deposit must be made payable directly to Chemung County Treasurer with no further endorsement. Business checks and personal checks will NOT be accepted. All properties are sold “as is” and officials suggest prospective bidders complete their research prior to bidding at the auction.

 

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