Online Bid of $1.75 Buys Michigan House
October 7, 2008 |
Posted By Editor
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With the economy in such a tailspin, it can feel like your dollar doesn’t go far these days—but for a Chicago woman, a dollar and some change stretched all the way to Saginaw, Michigan and bought her a house.
The 30-year-old woman won her E-Bay bid of $1.75 for an abandoned house. She was one of eight who were vying for the property.
The Saginaw News reports that in order for her to claim the house, she’ll have to pay about $850 in back taxes and pay for cleaning up the yard.
The Chicago woman to the newspaper that she doesn’t have plans to move to Saginaw and she plans to resell the home.
Want more? Check out Total Bankruptcy’s recent article, Foreclosure Epidemic Leads to $1 Homes.
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