| midnightMDX |
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.
"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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| hondacuraworld |
| Must be a real charmer of a property :rolleyes: ;) |
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| midnightMDX |
Yea, this will be an easy resell. :p |
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| JimH |
| Not sure I would even want to open the door to that place. |
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| HwyRogue |
| ...you get what you pay for! |
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| laborlitigator |
Come on guys, she bought a home for 1/2 a gallon of gas.
It's a steal in my book. I would assume she'll try to fix it up and make a killing on it. |
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| Ceenit |
quote:
Originally posted by laborlitigator
Come on guys, she bought a home for 1/2 a gallon of gas.
It's a steal in my book. I would assume she'll try to fix it up and make a killing on it.
I'd take if for $2. But i'd probably just bulldoze it and sit on the land. THere are no guarantees that sinking $15-30k into that would make it inhabitable, and I would not want to worry about vandals in that area while the thing was on the market. |
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| hondacuraworld |
quote:
Originally posted by Ceenit
I'd take if for $2. But i'd probably just bulldoze it and sit on the land. THere are no guarantees that sinking $15-30k into that would make it inhabitable, and I would not want to worry about vandals in that area while the thing was on the market.
You could always hang on to it, and make it into a tenament house for out of work stockbrokers :D |
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| laborlitigator |
quote:
Originally posted by Ceenit
I'd take if for $2. But i'd probably just bulldoze it and sit on the land. THere are no guarantees that sinking $15-30k into that would make it inhabitable, and I would not want to worry about vandals in that area while the thing was on the market.
I believe she had to pay back taxes in the amount of $850. Still, it's a good deal. |
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| kingmdx |
| The question is who wants to live in Saginaw.....:behead: |
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| laborlitigator |
| That's not the point, it's whether she made a good deal. Unless she won't sell it for more than 1K, it's a good deal. |
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