Real Estate Investing Facts

Real Estate Investing

Buffalo Tax Foreclosures

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The City of Buffalo has over 4,000 parcels of improved properties and vacant lots which have ‎been acquired through tax foreclosures. These properties are available in all sections of the City ‎of Buffalo and are classified for residential, business and industrial purposes. ‎properties owned by the City of Buffalo can be purchased three ways: ‎At Public Auction, City of Buffalo Urban Homestead Program, Purchase (negotiated sale). ‎

The city is required to receive FAIR MARKET VALUE for its real property. The ‎purchase price is established at the time of application using current market data. If the ‎purchase is for an improved parcel (home or other structure), purchaser is required to: ‎provide estimates for necessary repairs, proof of financial ability to complete purchase ‎and repairs, and The City of Buffalo and may assist purchaser with technical and financial ‎support.

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