I was reading the Yahoo News this morning about a woman, Joanne Smith, from Chicago winning a bid for a home on ebay for only $1.75! Can You believe that? The house was an abandoned home in Saginaw, Michigan. According to the article there were 8 bids on this house and she must pay $850 back taxes plus yard clean up. I can't imagine something like this ever happening to me. We sure would have liked to run across a deal like this to flip!
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