a curious girl in a curious world..

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14th August 2008

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This house sold for $1. Located a few blocks from Detroit City Airport, it was the nicest house on the block when it sold for $65,000 in November 2006. The home was foreclosed last summer, then was put on the market in January for $1,000. The bank that owned the property was so desperate to sell it, it lowered the price to $1 and agreed to pay a sales commission of $2,500 and another $1,000 bonus. It was on the market at $1 for 19 days! The bank also owed back taxes of $4,000 and a large water bill. So it’s basically costing the bank $10,000 for a $1 sale.

This house sold for $1. Located a few blocks from Detroit City Airport, it was the nicest house on the block when it sold for $65,000 in November 2006. The home was foreclosed last summer, then was put on the market in January for $1,000. The bank that owned the property was so desperate to sell it, it lowered the price to $1 and agreed to pay a sales commission of $2,500 and another $1,000 bonus. It was on the market at $1 for 19 days! The bank also owed back taxes of $4,000 and a large water bill. So it’s basically costing the bank $10,000 for a $1 sale.

  1. yuetching reblogged this from dihard
  2. madelynk reblogged this from byrdie and added:
    i so would have bought this. then i’d be closer to my boyfriend in windsor!! damn…i hate missing a good opportunity.
  3. byrdie reblogged this from jairustonel and added:
    Sad. I would have bought it. :(
  4. standardgrey reblogged this from vanmega and added:
    $1 mil for the lot alone, the boarded-up house comes free with the deal. My friends in Winnipeg are buying houses like...
  5. vanmega reblogged this from dihard and added:
    If this exact piece of property were
  6. frecklesmakemestrong reblogged this from dihard and added:
    I wish I found out about this sooner.
  7. heyimjaclyn reblogged this from dihard
  8. bluenemesis reblogged this from dihard and added:
    Who knew I could afford
  9. amyyy reblogged this from dihard
  10. verbadjectivenoun reblogged this from dihard and added:
    I told you!!! I am going...slum lord. Or hold on to them
  11. jairustonel reblogged this from dihard
  12. dihard posted this