EBay less then the cost of a Widget
Broadstruck
Posts: 30,497 ✭✭✭✭✭
SAGINAW, Mich. - 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.
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"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.
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"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.
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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Comments
Russ, NCNE
<< <i>She'll regret buying it. There's a reason it sold for a $1.75. She has to pay back taxes and who the heck is going to buy it from her? >>
I dunno, there's gotta be $877 worth of firewood there.....
<< <i>
<< <i>She'll regret buying it. There's a reason it sold for a $1.75. She has to pay back taxes and who the heck is going to buy it from her? >>
I dunno, there's gotta be $877 worth of firewood there.....
Coated in lead based paint more than likely. The house could also be laden with asbestos!
I'm with the crowd that says, there's a reason it sold for a buck-seventy five!
The name is LEE!
Barnum was right.
Wouldn't it be all too funny, next weeks headline "Woman finds mason jar full of rare 1916 D Mercury Dimes in house she buys for $1.75"
peacockcoins
If this was in a place I wanted to live it would have been a great deal, it's not cheap to tear down a home and re-build it. It does help when the land is practically free.
they can re take possession. So technically you pay the back taxes and sit for 3 years waiting.
Not sure but quite a few states are like that.
Stefanie
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i'd like to see what the description read
With the back taxes though, I'd have to pass.
When i saw the pictures of that house I think i even know the neighborhood it is located in.
Right next to a GM factory that has seen MUCH better days along
River Road I think it is called. I rarely used the road except to visit
a dept store downtown when i was young which is long gone.
It is a big dump. The whole hood. Drug use is rampant, theft, violence. The neighbors will scare the crap out of normal people.
People drink in the streets, youth run wild chasing down the next
drug score, and abandoned property is all over.
Think of lots with new tree growth, old buildings with broken windows,
glass all over the sidewalks from broken 40 ounce beer bottles, abandoned cars along the road, screaming and loud music at night,
missing stop signs on intersections, and you get the picture.
burn it.
Then burn it.
<< <i>Sure, the closing price looks like a steal, but I bet the shipping cost will be outrageous. >>
many negatives to list.
Al