Who said it's hard to buy a house with cash? Even *I* have $1.75

By
Real Estate Agent with Carolina MaxRealty, Inc.

Has anyone seen the story in today's news about a house in Saginaw, MI that was sold on eBay for $1.75?  Apparently there's a pending foreclosure and back taxes due on the property.  The buyer has no intentions of moving into the property and hopes to sale it for a profit.  To each it's own - I guess.

I personally think that money would have been better invested at the McDonald's drive thru.

http://www.mlive.com/saginawnews/news/index.ssf/2008/09/abandoned_saginaw_home_sells_f.html
(Be sure to check out the sales history via the link in the second comment)

 

Comments (4)

Paddy (Patricia) Pizappi
Better Homes and Gardens Rand Realty - Pine Bush, NY
Real Estate Associate Broker Hudson Valley NY

$1.75 plus back atxes, leans, etc that might be the most expensive $1.75 the buyer ever spent.  Wow!

Oct 01, 2008 11:53 PM
Callie Thompson
Property Xchange Solutions - Frederick, MD
Property Xchange Solutions

Wow!

Oct 02, 2008 04:07 AM
Cheryl Powell - The Powell Team
Southern Homes of The Carolinas - The Powell Team - Harrisburg, NC
Concord,Harrisburg & Charlotte NC Area Real Estate

I hope the buyer knew exactly what he or she iis getting in to....

May 26, 2009 07:55 AM
Monique Combs
Royal Shell Real Estate - Bonita Springs, FL
Royal Shell Real Estate - Monique Combs

Wow! I wonder if the buyer consulted a Realtor!

Jun 02, 2009 01:54 AM