Can you imagine this true scenario. A home in Detroit, Michigan was purchased in 2006 for $65,000 and than foreclosed upon 1 year later for $1.00.
The bank became so desparate to sell the home they lowered the price to only $1.00 and it took 14 days to sell.. By the time they sold it – the home had been stripped of it’s siding, fencing, copper plumbing, kitchen sink and it’s light fixtures.
The home had been boarded up and someone stole the boards to board up a home down the street…
An investor bought the property!
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1 How To Sell Painting // Sep 4, 2009 at 3:00 am
I really enjoy reading House in Detroit sells for $1.00 | Local Contractors . It’s very interesting. Hope you will post something like this again.
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