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Finance director reports decline in foreclosure caseload; county attorney outlines surplus-funds process
Summary
The county reported 66 properties in the foreclosure process, down from 97 when proceedings began Oct. 1; the county attorney described procedures for handling claims for surplus sale proceeds and said unclaimed funds revert to the county after three years to reduce the levy.
Laurie Skerritt, Tompkins County Director of Finance, told the Jan. 9 Budget, Capital, and Personnel Committee that the county’s foreclosure process currently includes 66 properties, down from 97 when the process began Oct. 1.
“We currently are at 66 properties in that process. To remind you, we started the process October 1st with 97,” Skerritt said, and added that 35 installment…
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