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Bid of $1.75 on eBay gets abandoned Saginaw home

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WAKE COUNTYBid of $1.75 on eBay gets abandoned Saginaw home

41 minutes ago

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.

"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.

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Information from: The Saginaw News, http://www.mlive.com

 

** If the winning bid was $1.75, I wonder what the bidding started out at? LOL..Good deal? Have you ever purchased on Ebay? Did you get a good deal? What did you get?"