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Select Board reviews pending 2023–24 tax‑foreclosures and explains Article 28 options
Summary
Town staff presented a packet on pending 2023–24 tax‑foreclosures, described three tax‑acquired parcels and the 90‑day notice process, and explained that Article 28 allows the treasurer to waive foreclosure in certain cases while liens remain.
Speaker 5 (role not specified) presented a second packet on pending 2023–24 property‑tax foreclosures and summarized recent changes to the foreclosure process under Article 28. He said Article 28 allows the treasurer, in some circumstances, to waive foreclosure while the lien remains in place, avoiding broker listings and sale costs that can leave the town absorbing the shortfall.
Speaker 5 walked the board through the packet’s property cards and flagged three tax‑acquired parcels: two have already received 90‑day notices and appear to require follow-up with a realtor; a third involves a deceased owner and unlocatable heirs for a small, non‑buildable 0.4‑acre lot with roughly $5,000 in outstanding taxes. Speaker 5 said he will prepare and send required 90‑day letters automatically and expects some accounts will be paid before foreclosure finalizes; he noted the next meeting will be the last opportunity to take action before foreclosure proceeds.
Board members indicated they do not want the town to become a real‑estate owner and asked staff to monitor options; Speaker 5 confirmed he will reach out to realtors and keep the board informed. No formal action was taken at this meeting.
Ending: The board reviewed the foreclosure packet and asked staff to proceed with notices and realtor outreach; the board will consider any required actions at the next meeting before foreclosure deadlines.
