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Schenectady takes 159 properties in first foreclosures

Additional round expected this month

The city today took 159 properties for back taxes. Many were owned by absentee landlords. Most occupants are being offered rental agreements. Pictured is 28 Ingersoll Ave.
Photographer: Marc Schultz
The city today took 159 properties for back taxes. Many were owned by absentee landlords. Most occupants are being offered rental agreements. Pictured is 28 Ingersoll Ave.
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Just before Corporation Counsel John Polster walked into court Friday, he scratched one last name off his list of foreclosures. Kasshif Alli had filed for bankruptcy just in time, faxing in his paperwork at 10:30 p.m. Thursday. Alli’s property, 824 Broadway, was safe. But it won’t be his for much longer, Polster said. All the filing did was delay the foreclosure. The city can still take the property after a longer court hearing. “All they’ve ...


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comments

safny
September 1, 2012
8:35 a.m.

[ Flag Post ]

It's pretty clear that the LAST thing Schenectady needs now is more rental property. The City should do everything in its power to sell these properties only to people who agree to live in them for at least 5 years. And then they should be checking to make sure that's the case.

seawitch1313
September 1, 2012
9:05 a.m.

[ Flag Post ]

I cant possibly be the only one who knew, when Mayor Jurczynski talked all those people into moving here and buying property, that it was a BAD idea from the start.
Yea....they cobbed the properties exterior and made them easier to look at. But obviously they couldnt afford them.
I wonder how many of their mortgage companies contributed to the sublime/Mortgage crisis in our own backyard....maybe 98%?
WTG ex Mayor!

wmarincic
September 1, 2012
12:57 p.m.

[ Flag Post ]

seawitch1313
How many Guyanese have moved to this city and bought homes and continue to live in them and pay taxes? I dare say many more than the ones who are absantee landlords. What other mayor in 30 years has had a plan to increase the tax base in this city besides Jurczynski. There have been no foreclosures in 9 years, that 9 years is the time that democrats have been in office since Jurczynski. Jurczynski was also responsible for Metroplex along with the new downtown area. I would ove to hear your ideas for the improvement of the city. You are either part of teh solution or you are part of the problem.

ajp1law
September 8, 2012
1:47 p.m.

[ Flag Post ]

What is it the <ayor will do with all these proprties? Rent them out? Will the City cut the grass and keep the buildings up to code? Will they make sure the pipes don't freeze and they don't become infested? Or will they waste more money and time tearing down the homes they took, leaving Schenectady with lots of parking and park area, and fewer residents.

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