Good things do happen in our challenging economy, sort of...
Bid of $1.75 gets abandoned Saginaw home
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, reported. Her bid was one of eight for the home.
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.Information from: The Saginaw News, http://www.mlive.com
*Not sure if this is a good thing the person got a deal, or sad because it was lost by someone, sitting and being wasted, etc. thoughts?!