Southern Investments LLC sells home on eBay for $1.75

A seller on eBay under the name of Southern Investments LLC posted a rundown abandoned home in Saginaw made a woman in Chicago very happy when she won the bid at just $1.75.

Joanne Smith, 30, was one of eight people bidding on the rundown house according to The Saginaw News. The winning bidder told the newspaper that she hasn’t been to Saginaw or seen the property and her intentions is to try and sell it as she doesn’t have any plans to move into it.

The property that was posted by Southern Investments is said to have a notice on the door saying that a foreclosure hearing is pending, the Saginaw News also reported that she must pay around $850 in back taxes and cleanup costs for the yard. As of yet the newspaper has not been able to contact Southern Investments LLC to make any comment on the eBay sale.

Source: AP