[shift330]

http://www.wnem.com/news/17596587/detail.html

SAGINAW, Mich. -- With a winning bid of just $1.75, a Chicago woman is getting an abandoned home in Saginaw.

Joanne Smith, 30, recently was the top bidder for the home at 1606 Perkins street during an auction on eBay.

Her bid was one of eight for the home, which she said she wants to resell.

Smith moved to Chicago five years ago from Miami, Fla. She said she hasn't seen the property or visited Saginaw.

Saginaw officials said she also must pay almost $1,000 in back taxes and cleanup costs for overgrown weeds and trash.

The fee is due by Tuesday, March 31, or the city will foreclose on the property.

The owner began the online bidding at one penny.

[freshnezzz]

she should have opted for the ebay ads to promote her sale! that sucks

[oldaccount]

looks like the seller got hosed.

http://www.zillow.com/homedetails/16.../67239592_zpid

[Couch]

People pay practically nothing for homes all the time. But it's the taxes, maintanance and all the other unknown costs to get the home back to liveable condition (if it's not already, which it usually isn't). I bet it'll cost her at least $10K before all is said and done. But still a great deal.

That area doesn't look too great.

[Kensta335]

$1.75? What a rip off. This one went for $1.

http://www.detnews.com/apps/pbcs.dll...8130360/&imw=Y

[kevinbahnz]

$1 Dolla? GOOD LAWD THAS ALOT OF MONEY!!

[aut0sh0cker]

WOW! That was half the price of my coffee this morning!