House sold for $1.75 (Yes $1 dollar 75c)

[Vutos]

I see timeshares sell extremely cheap on ebay.... I think If it's true I am going to starting buying and renting them out.

 

[DNBA]

no this can happen in real estate. people will sell a property for a $1 so the seller doesnt have to worry about the mortgage payments and it doesnt affect their credit.

 

[Area52]

no this can happen in real estate. people will sell a property for a $1 so the seller doesnt have to worry about the mortgage payments and it doesnt affect their credit.

Mr Obama, is that you? The solution to the sub-prime mortgage mess?

 

[ezimedia]

HI

Well scrap the house... and clean up the yard ... what then is the land worth....

Tom

 

[Deleted member 111831]

no this can happen in real estate. people will sell a property for a $1 so the seller doesnt have to worry about the mortgage payments and it doesnt affect their credit.

ya that and this places comes with $850 worth of debt. so really they came out $851.75 ahead on this deal.

47.02% White, 43.26% African American, 0.49% Native American, 0.33% Asian, 0.02% Pacific Islander, 5.86% from other races

In 2007, Saginaw was ranked the 14th most dangerous metropolitan area in the United States

no thanks

 

[DNBA]

Mr Obama, is that you? The solution to the sub-prime mortgage mess?

i didnt say thats a solution. i was stating that it happens in real estate. but the woman that sold the house probably couldnt afford it. its sad.

http://www.detnews.com/apps/pbcs.dll/article?AID=/20080813/METRO/808130360