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

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.

(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


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