County-bought property selling at rock-bottom prices: The Real Deal

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Updated: 12/28/2011 6:44 pm
Camillus (WSYR-TV) – Ron Cottet was reading the newspaper the other day when he saw a recent transaction on property in Camillus that caused him to take note.

Onondaga County was listed as the buyer and the property carried a price tag of about $38,000.

According to records, the county then sold the property for $2,500.

It turns out, Onondaga County did not pay any money for the house, which was on Mackay Avenue. The transaction is called a “tax deed transfer. The property was taken over – not purchased – by the county because about $38,000 was owed in back taxes. The county then auctioned off the home. The winning bid was $2,500.

If you’d like to know The Real Deal, call (315) 446-9900 or email YourStories@9wsyr.com.

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