Palmieri Announces Public Auction Of Foreclosed Properties

Utica, NY (WIBX) - Looking to buy a house? Well, you're in luck. The City of Utica is rolling out another property auction this Thursday at City Hall. Mayor Rob Palmieri calls it a "golden opportunity" for home ownership and says he's looking for buyers who want to invest in the City of Utica.

"I'm looking for a well-established neighborhood, I'm looking to bring these homes back to where they came from, I'm looking for people to reinvest into the city and I think it's a win-win situation for everyone. It's the opportunity for someone to purchase a property probably at a little less than market value and I'm looking for someone to reinvest," he said.

The 19 properties headed to the auction block this week range from residential to commercial properties. The mayor says he's hoping to bring in about a quarter of a million dollars from the auction, which will go toward the city's budget. "And, more importantly it's something that we will no longer have to maintain and take care of, and we're going to be putting them back on the tax role, and I think that's very important," he said. The public auction, which follows a 3-year hiatus, will be held at City Hall, this Thursday evening at 7:00.

Urban Renewal, the agency organizing the auction has a sneak preview on its Facebook page of the homes and lots up for sale. You can also contact them at (315) 792-0181 for additional information. Officials say more properties will go up for auction later this month.