hokie07 11 Report Share Posted October 1, 2008 http://www.foxnews.com/story/0,2933,431306,00.html SAGINAW, Michigan — With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw, Michigan. 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. Quote Link to comment Share on other sites More sharing options...
Deleted Account 5,203 Report Share Posted October 1, 2008 http://www.foxnews.com/story/0,2933,431306,00.html SAGINAW, Michigan — With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw, Michigan. 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. Wow, this is an incredible story. Holy cow. I mean, sans the $850 in back taxes. But it'll be well worth it, after it finally gets fixed. Quote Link to comment Share on other sites More sharing options...
Lance 228 Report Share Posted October 1, 2008 she should sell it to Uncle Sam for $700 billion and move to Canada Quote Link to comment Share on other sites More sharing options...
JamesL_CcLB34 10 Report Share Posted October 1, 2008 well to whoever sold it, it's called a reserve price Quote Link to comment Share on other sites More sharing options...
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