The City of Newburgh has published its November 2015 property list. Most properties are vacant or abandoned like this one above at 31 Clark Street. I picked this one to showcase because there has been development on this block. Habitat for Humanity just built 3 news homes on Clark Street that will go to owner occupants and another home has been rehabbed and is available for rent. It is also just around the corner from a huge development project yet to be announced. Washington Street is just at the corner and in walking distance is Liberty Street and Washington’s HQ. Overall, it is the mass rehabilitation of these smaller buildings that will change the Newburgh landscape. It’s a great simple rowhome that probably needs to be gut renovated. The minimum purchase price for this property is $9,300.
According to an article out from the THR, building inspectors have counted 800 vacant buildings in the City of Newburgh. That is about 100 more than originally estimated. The majority of buildings- 645, are privately owned which really isn’t a surprise. Owners must comply with codes that require them to register their properties for a fee and carry liability insurance. As fire chief, Mike Vatter said, “I believe there are a lot of people just waiting for somebody else to do something so they can cash out.” I couldn’t agree more.
The City of Newburgh has published its September 2015 property list. Most properties are vacant or abandoned like this one above at 2 Liberty Street which, was the focus of an October 2014 THR article. The minimum purchase price for this property is $1,990.
Habitat for Humanity of Newburgh recently announced their new rehabilitation projects on South Miller Street. The house numbers are 22, 24, and 26; all houses have been featured as Rescue Me homes. Judging from the few photos Habitat posted to their Facebook page, these buildings are deteriorating fast. They will eventually be offered to home owner occupants, changing the vacant tide of South Miller one house at a time.
The Newburgh Community Land Bank also has vacant homes available for purchase on this block if you are interested.
Zombie properties are abandoned homes with no one taking care of them. They are homes stuck in the foreclosure process. Banks often say they are not responsible for the property until the foreclosure process has been completed, but that is now changing as mortgage companies are being pressured to assume more responsibilities. Banks and mortgage companies are now adopting best practices that will apply to first-lien mortgages on residential homes.
If you a zombie property is affecting the area where you live you can make a complaint on the NYS Department of Financial Services website.