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Homeowners Warned About Problems Related to Tax Foreclosed Homes

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By : John Cutts    99 or more times read
Tax foreclosed homes can become a big problem among Buffalo, New York residents as thousands of them have already received several notices on delinquent taxes. These homeowners have been warned that their properties can be sold at the coming auction in October if they do not make their tax payments current.

According to the latest reports, buyers might find foreclosure lists littered with foreclosed dwellings due to unpaid taxes come October. Almost 5,000 pieces of real estate are said to be in danger of getting foreclosed due to unpaid property taxes, water and sewer dues and garbage user fees.

Tax collectors in the city are encouraging homeowners to get in touch with the city's tax collection office to avoid having their houses sold at Buffalo foreclosure auctions. Officials have added that those people who currently do not have the means to pay for delinquent taxes should get in touch with local officials to work on solving their debt problems.

Local officials have also added that owners need not lose their properties to auctions for tax foreclosed homes; all they need to do is to communicate with the taxation office. Ignoring tax notices is the worst thing to do, officials have added. Even homeowners who do not have the money to pay will be better off talking to tax officials so that alternative payment plans can be made.

So far, 4,770 properties are in danger of becoming New York foreclosed homes for sale and are likely to be offered at the October auction that will start on the 25th of that month. In July, tax assessors will pay visits to properties that appear in their list to ensure that demolition has been done. However, local officials are expecting the number of properties included in the list of foreclosures to diminish considerably during the months leading to the October auction.

Tax officials have also revealed that they are working with legal groups to hold assistance meetings a week prior to the auction of tax foreclosed homes in an effort to help homeowners set up plans to pay for their taxes.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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