HomeMy WebLinkAboutG - 04 Treasurer's Report 08/2023August 2023 Treasurer’s Report
1. “Funds Paid into Court”: Trusts & Bail
Currently all trust funds have been distributed or sent to Albany.
In 2023 we sent $0 in abandoned released bail funds to Albany. In 2024 we are
only sending Albany $250, $50 in 2025, and $0 in 2026. We have been unable to
locate Maria Rawson or Merritt Fletcher to claim their released bail funds. Please
notify these individuals that the funds are available if you know them.
2. Open Estates:
Surrogate Courts handle Estates; Supreme Courts handle Real Estates.
Currently I am not the Administrator of any Surrogate Court mortgage foreclosure
estates. A “Summons” and “Complaint” received from the Supreme Court
regarding Real Estate closes the case with the Surrogate Court but remains
open with the Supreme Court. “Referee’s Report of Sale” concludes the case
with the Supreme Court.
Auctions for foreclosed mortgaged properties are arranged by a court appointed
“Referee” (attorney) independent of our office. Surplus funds as a result of sale
are considered “funds paid into court” (Trusts), transferred to the County Clerk for
recording, then deposited with the Treasurer until claimed and disbursed or
deemed abandoned and transferred to the NYS Comptroller in Albany.
3. Delinquent Tax Foreclosure Auction:
In November a list of potential foreclosure parcels for years 2019, 2020, and
2021 was submitted to Phillips Lytle to conduct title searches, which requires ~
90 days. The Petition of Foreclosure was filed with the County Clerk and notice
mailed to property owners in February. Property owners had 90 days to enter into
a Delinquent Tax Agreement with the county to make partial payments without a
~$500 title search fee added.
This month an updated list of Properties was sent to Phillips Lytle, reviewed, and
submitted to the Supreme Court requesting a “Judgement of Foreclosure”. The
judgement was approved. Auctions International was notified and we negotiated
a date for the auction: August 17 – 31. 54 properties are listed, 17 of which are
estates of deceased owners.
Properties can be reclaimed up to 9 business days prior to the scheduled
foreclosure auction by paying in full: back taxes, fees, penalties, and
accumulated interest. The number of parcels is constantly changing due to
payments, installment agreements & defaults, bankruptcies, legal actions, etc…
John T. Banewicz
County Treasurer