On November 17, 2015, the City of Lockport, New York held it’s annual public auction of properties that have been foreclosed on due to tax arrears. A total of 19 properties were sold at the auction.
One interesting thing about the City of Lockport auction is that they provided time for walk through inspections on several of the properties. This is not something that is typical in most municipalities. In addition, the building inspections department was on hand at the auction to help answer questions based on what information they had about the property.
Note: Properties do not change hands until the transaction has officially closed. These were the winning bids.Read More