Woman pays $1.75 for a house

shift330 · 10-02-2008, 05:34 AM

http://www.wnem.com/news/17596587/detail.html

Quote:

SAGINAW, Mich. -- With a winning bid of just $1.75, a Chicago woman is getting an abandoned home in Saginaw.

Joanne Smith, 30, recently was the top bidder for the home at 1606 Perkins street during an auction on eBay.

Her bid was one of eight for the home, which she said she wants to resell.

Smith moved to Chicago five years ago from Miami, Fla. She said she hasn't seen the property or visited Saginaw.

Saginaw officials said she also must pay almost $1,000 in back taxes and cleanup costs for overgrown weeds and trash.

The fee is due by Tuesday, March 31, or the city will foreclose on the property.

The owner began the online bidding at one penny.

freshnezzz · 10-02-2008, 05:38 AM

she should have opted for the ebay ads to promote her sale! that sucks

oldaccount · 10-02-2008, 07:33 AM

looks like the seller got hosed.

http://www.zillow.com/homedetails/16.../67239592_zpid

Couch · 10-02-2008, 10:29 AM

People pay practically nothing for homes all the time. But it's the taxes, maintanance and all the other unknown costs to get the home back to liveable condition (if it's not already, which it usually isn't). I bet it'll cost her at least $10K before all is said and done. But still a great deal.

That area doesn't look too great.

Kensta335 · 10-02-2008, 12:04 PM

$1.75? What a rip off. This one went for $1.

http://www.detnews.com/apps/pbcs.dll...8130360/&imw=Y

kevinbahnz · 10-02-2008, 03:51 PM

$1 Dolla? GOOD LAWD THAS ALOT OF MONEY!!

aut0sh0cker · 10-02-2008, 05:42 PM

WOW! That was half the price of my coffee this morning!

10-02-2008, 05:38 AM	#2
freshnezzz First Lieutenant 65 Rep 396 Posts Drives: 2006 e90 Join Date: Jun 2008 Location: Albuquerque, NM iTrader: (1) Garage List 2006 325i [0.00]	she should have opted for the ebay ads to promote her sale! that sucks __________________
	Appreciate 0 Quote

10-02-2008, 07:33 AM	#3
oldaccount Colonel 162 Rep 2,456 Posts Drives: Car Join Date: Jun 2006 Location: USA iTrader: (2)	looks like the seller got hosed. http://www.zillow.com/homedetails/16.../67239592_zpid
	Appreciate 0 Quote

10-02-2008, 10:29 AM	#4
Couch Colonel 142 Rep 2,900 Posts Drives: E92 335i Join Date: Jan 2007 Location: Houston iTrader: (0) Garage List 2007 E92 335i [0.00]	People pay practically nothing for homes all the time. But it's the taxes, maintanance and all the other unknown costs to get the home back to liveable condition (if it's not already, which it usually isn't). I bet it'll cost her at least $10K before all is said and done. But still a great deal. That area doesn't look too great.
	Appreciate 0 Quote

10-02-2008, 12:04 PM	#5
Kensta335 Brigadier General 161 Rep 3,637 Posts Drives: 335i Coupe Join Date: Mar 2007 Location: So Cal 626 iTrader: (4)	$1.75? What a rip off. This one went for $1. http://www.detnews.com/apps/pbcs.dll...8130360/&imw=Y
	Appreciate 0 Quote

10-02-2008, 03:51 PM	#6
kevinbahnz Captain 157 Rep 709 Posts Drives: 2008 335xi sedan Join Date: Aug 2008 Location: Ma-NC iTrader: (1)	$1 Dolla? GOOD LAWD THAS ALOT OF MONEY!! __________________
	Appreciate 0 Quote

10-02-2008, 05:42 PM	#7
aut0sh0cker meh 123 Rep 1,756 Posts Drives: E92 335i, 997.2 C4S Join Date: Jan 2008 Location: 91362 iTrader: (2)	WOW! That was half the price of my coffee this morning!
	Appreciate 0 Quote