County reports downturn in residential foreclosures
The Chenango County Department of Delinquent Tax Services anticipates a live auction on foreclosed residential properties in the spring, 2022. (ES file photo)
CHENANGO COUNTY - More Chenango County residents have paid due property taxes this year than any other year in recent history, according to the county treasurer’s office.
The county filed a petition of notice of foreclosure against 205 properties in July, 80 of which were left over from 2020. Only 125 of those properties are listed on the current year’s foreclosures.
“That number, in comparison to the last few years’ foreclosures, is very low,” said Chenango County Deputy Treasurer Barbara Strier, noting the county filed against 257 properties last year, and 267 the year before.
“To have 205 properties - and that’s two year’s worth - I feel like that’s a very low number,” Streir said.
“The payment of taxes has been really outstanding,” said County Treasurer William Craine. “People are taking care of those obligations better than any other time that Barb and I have been here. It’s reflective in all her numbers.”
Strier credited timely tax payments to two big factors. First, changes to New York’s School Tax Relief (STAR) program pulled the program for properties that were delinquent on taxes, giving tax money owed to the county instead. Second, federal COVID-19 assistance likely helped many residents pay their dues.
“I do think that people used their COVID money, the stimulus checks, to pay their taxes. I do think that was an advantage that they used,” she said.
The county has also filed foreclosure action against a few commercial properties, including the shuttered Great American supermarket in Bainbridge which, being in and out of bankruptcy, owes nearly $100,000 in back taxes. The county plans to hire an independent auction agency to sell off that property by early fall. Live auctions of residential properties are anticipated for the spring of 2022.
Ten properties have been withdrawn from foreclosure action due to COVID hardships, said Streir. They will be included in the next round of foreclosure notices which will be filed in November.
The county treasurer’s office has already reached out to title searchers for next year’s foreclosure process and expects foreclosures to remain low for the coming year.
The county filed a petition of notice of foreclosure against 205 properties in July, 80 of which were left over from 2020. Only 125 of those properties are listed on the current year’s foreclosures.
“That number, in comparison to the last few years’ foreclosures, is very low,” said Chenango County Deputy Treasurer Barbara Strier, noting the county filed against 257 properties last year, and 267 the year before.
“To have 205 properties - and that’s two year’s worth - I feel like that’s a very low number,” Streir said.
“The payment of taxes has been really outstanding,” said County Treasurer William Craine. “People are taking care of those obligations better than any other time that Barb and I have been here. It’s reflective in all her numbers.”
Strier credited timely tax payments to two big factors. First, changes to New York’s School Tax Relief (STAR) program pulled the program for properties that were delinquent on taxes, giving tax money owed to the county instead. Second, federal COVID-19 assistance likely helped many residents pay their dues.
“I do think that people used their COVID money, the stimulus checks, to pay their taxes. I do think that was an advantage that they used,” she said.
The county has also filed foreclosure action against a few commercial properties, including the shuttered Great American supermarket in Bainbridge which, being in and out of bankruptcy, owes nearly $100,000 in back taxes. The county plans to hire an independent auction agency to sell off that property by early fall. Live auctions of residential properties are anticipated for the spring of 2022.
Ten properties have been withdrawn from foreclosure action due to COVID hardships, said Streir. They will be included in the next round of foreclosure notices which will be filed in November.
The county treasurer’s office has already reached out to title searchers for next year’s foreclosure process and expects foreclosures to remain low for the coming year.
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