Driving around Newburgh, houses like the one pictured above are a dime a dozen. Perhaps you’ve looked at one of these houses before and thought, “Wow I could fix that place up,” or “That place has so much potential.” You might have also wondered who to contact if you were interested in buying such a house being that there is no real estate information on the property.
Well, the City of Newburgh owns a lot
of the abandoned real estate that you see crumbling in Newburgh. And, they really should take a more radical approach of offering these homes to people willing to fix them. But instead, they pretty much make the process very difficult and unappealing, thus leaving dilapidated buildings and homes part of the ever constant Newburgh landscape. Their current method is using auctions. But obviously it has NOT been working and those very same properties that are auctioned off end up right back in the City’s hands again in a very short time.
29 Chambers Street-former dog pound This place could have excellent loft/work/live space potential
A certain realtor, Chris Hanson, has proposed the idea of selling City owned property for $1 to first time home buyers who were pre-qualified for an FHA 203K loan (mortgage & renovation loan in one). This type of loan has a time limit in which the work has to begin and be completed (work must begin within 30 days of execution of the Agreement). Thus the city would be guaranteed that the homes would completely renovated and owner-occupied in 6-12 months. That could bring huge change to Newburgh very quickly. If the City was offering something like this how many of you would be interested? I know many people that would. Given the houses are in bad condition and will need a lot of money to fix, but buying a house for $1 one hour from NYC is something unheard of and could be very exciting if the idea was executed. So far this idea has been shot down. But if enough people showed interest in a project like this one, maybe it could take off.
So, until the City can come up with a better idea for selling property, how can you purchase something other than via an auction? The Department of Planning and Development
has a guide on their internet page. They also have a PDF file with a listing of the newest properties the City owns. Some of the photos even include original photos of the properties 30-40 years back so you can see what the property is supposed to look like. The list I checked out was last updated in December ’09. Basically, you must fill out a form for a Property Sales Offer, and have a check for $1,500 and funds to finish the project. The check will be placed in an escrow account until a decision is has been made. The money deposited would be returned if the offer was not accepted by the City. You can make an appointment with Tara Miller, Office Manager, at (845) 569-9400 to inspect any of the properties.
Even if the City isn’t making it any easier for dedicated people to make a change in Newburgh, the least we can do is educate each other and find ways to work through their system. Check out the following link to see more examples of Newburgh Real Estate.