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Officials say some foreclosures expected to translate into 2026 sales; timeline depends on court process
Summary
City staff reported several foreclosure cases at different stages and told the council those that clear redemption and court steps could produce sales revenue in 2026; staff also noted state rules and pandemic-era delays have changed timing and reduced expected receipts.
City staff told the Schenectady City Council that several foreclosure proceedings are active and that, if completed, the sales could produce revenue in 2026 but timing is uncertain because of legal steps and past moratoria.
Finance and law staff described a mix of cases: one matter already has a default judgment and is awaiting the…
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