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  1. 10-01-2008, 04:29 PM #1
    jp_48504
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    Bid of $1.75 on eBay gets abandoned Saginaw home

    Bid of $1.75 on eBay gets abandoned Saginaw home

    1 hour, 21 minutes ago

    SAGINAW, Mich. - With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw. 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.
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    "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.

    http://news.yahoo.com/s/ap/20081001/ap_ ... cheap_home
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  2. 10-01-2008, 04:36 PM #2
    miguelina
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    "I am going to try and sell it," she told the newspaper. "I don't have any plans to move to Saginaw."
    HUH?!?! Talk about DUMB!

    If the best price for the house was under TWO DOLLARS, what makes her think anyone will buy it from her? Smooth move lady, now you're stuck with paying the taxes on a vacant home.
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  3. 10-01-2008, 04:57 PM #3
    crazybird
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    I wish my taxes were just that much. Sounds like she just bought herself a major headache.
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  4. 10-01-2008, 05:08 PM #4
    Dixie
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    No kidding crazybird, I'm feeling really overtaxed right now.

    Dixie
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  5. 10-01-2008, 05:53 PM #5
    SicNTiredInSoCal
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    Quote Originally Posted by Dixie
    No kidding crazybird, I'm feeling really overtaxed right now.

    Dixie
    .....and it's only gonna get worse.
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