Bid of $1.75 on eBay gets Saginaw home

According to the Saginaw News, a Chicago woman, Joanne Smith, 30, has won eBay auction for an abandoned home in Saginaw With a winning bid of just $1.75. She was the top bidder for the home during an auction on eBay. Her bid was one of eight for the home, The Saginaw News reported.

“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.

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