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Eleven bidders agree to live in houses sold in Niagara Falls auction

Absentee landlords or house "flippers" won't be an issue for 11 Niagara Falls houses sold last week at an auction of vacant properties.

City Community Development Director Seth Piccirillo said the rules of the city Home Ownership Auction gave the buyers a year to repair all building code violations at the houses, and then required the winners to live in the houses for at least five years.

The 11 winning bids totaled $137,500, including a $30,000 bid, the highest ever in the five auctions the city has held under these rules.

Bidders were given 30 days to close on the parcel, and the city offered financial assistance through a federally funded deferred loan program to assist with the repairs.

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