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Woman buys house for $1.75

This is a discussion on Woman buys house for $1.75 within the General Discussion forums, part of the Non Wrestling Forums category; Source: Yahoo News SAGINAW, Mich. - With a winning bid of just $1.75, a Chicago woman has won an auction ...


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Old 10-01-2008, 01:45 PM   #1 (permalink)
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Woman buys house for $1.75

Quote:
Source: Yahoo News

SAGINAW, Mich. - With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw.
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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.
Honestly, she is going to be making a huge profit.
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Old 10-01-2008, 03:43 PM   #2 (permalink)
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I thought there had to be like a minimum bid so stuff like this doesn't happen. Anyways, she's pretty damn lucky with that.
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Old 10-02-2008, 04:43 PM   #3 (permalink)
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^ Yeah, I thought there was a minimum too. The seller was probably a dipshit and thought that it wouldn't come out that way so they didn't put a minimum on it. Haha, oh well. She is gonna make a sick ass profit on it though. I wish I could buy a house that cheap. :P
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Old 10-02-2008, 08:32 PM   #4 (permalink)
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It is called a Reserve. If the auction started @ $0.01 and no reserve was set then the item is legally sold to the top bidder @ the price they placed.

Sellers fault. But eh, bet she didn't think she was going to win when she bid on it.
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Old 10-04-2008, 01:18 PM   #5 (permalink)
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I wouldn't give her more than 2 dollars for it. It's probably been condemned.
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Old 10-04-2008, 01:26 PM   #6 (permalink)
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The house sounds fucked anyways.
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