
QUOTE |
With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw. Joanne Smith, 30, recently was the top bidder for the home during an auction on eBay, The Saginaw News reported. Her bid was one of eight for the home. "I am going to try and sell it," she told the newspaper. "I don't have any plans to move to Saginaw." Smith said she hasn't seen the property or visited Saginaw, which has been hard-hit by economic troubles in recent years. There's a notice on the door of the home saying a foreclosure hearing is pending, the newspaper said. She must pay about $850 in back taxes and yard cleanup costs. The Saginaw News said it could not reach the seller, Southern Investments LLC, for comment |
International Level: Activist / Political Participation: 32 3.2%
I don't know about this particular case but saw other similar ones and the house is either in deplorable conditions or in a terrible neighborhood.
International Level: International Guru / Political Participation: 1089 100%
QUOTE (JB @ 7-Jun 09, 7:14 PM) |
Strange that the seller did not start out with a minimum bid or a set bid for the house |
International Level: Politics 101 / Political Participation: 1 0.1%
A lot of times these houses are trashed and I mean terribly trashed specially if they had pets or kids so sometimes unless you have a thick skin is hard to deal with these things at least I wouldnt I can't stand the smell emanated from pets.
International Level: Politics 101 / Political Participation: 0 0%
I don't know what the house looked like but it could be that it ended up being:
Selling price $1.75
Repairs needed: $100,000
International Level: Politics 101 / Political Participation: 5 0.5%