She bought house on eBay for $1.75: now what?

It began when Joanne Smith, 30, a Kennedy King College student who lives on the South Side of Chicago, was pricing PlayStations online.

When she saw an alert about the house sale she placed a bid.

Her eBay bid was a winner. The house was hers for $1.75. A combo meal a McDonald’s would have cost more.





After buying the house for $1.75, what's next?

The house is condemned, and it's in Saginaw, Michigan, a long commute from Chicago.

Saginaw, Michigan is overburdened with unsold houses.

A notice on the door of the home says a foreclosure hearing is pending.

She owes $850 in back taxes and a couple of hundred more in cleanup fees.

Did her $1.75 bid really turn our to be a bargain?

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