County hires real estate agents to sell tax-delinquent homes

Officials in Putnam County, N.Y., have decided to hire real estate agents to sell homes that are seized when their owners fail to pay their property taxes.

Traditionally, tax-delinquent homes are sold to investors at auctions. But Putnam County — located in New York’s Hudson Valley — is hoping to get a better deal for 77 parcels it plans to sell in order to collect $4 million in back taxes.

A batch of 20 properties soon to come on the market includes a vacation cottage priced at $30,000 and a ranch home for $160,000. Source: