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Schenectady finds a way to sell foreclosed properties

Foreclosed homes in bad shape appeal to the right buyer

The last tenants in this home on Campbell Avenue in Schenectady seemed intent on causing damage, new owner Christopher Malizia said.
The last tenants in this home on Campbell Avenue in Schenectady seemed intent on causing damage, new owner Christopher Malizia said.
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Bit by bit, the city has managed to get rid of almost every property it took in foreclosure two years ago. The easy ones, the ones that were in good shape in strong neighborhoods, sold directly to new owners. But the others, the deteriorating buildings in neighborhoods with hundreds of boarded-up houses, have sold as well. And therein lies the key to Schenectady’s success: getting new owners for hard-to-sell properties that were abandoned by their ...


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