Posted on 07/30/2013 2:47:33 PM PDT by lowbridge
It may not look particularly attractive, but as just $1 this family home is a complete bargain.
However, despite being on the market for the drop-down price since February last year, the Detroit property is astonishingly still for sale.
It is one of a number of run-down properties lying in the suburbs of Michigan's largest city, which earlier this month filed for bankruptcy, crippled by enormous debts.
Built in 1915, the property on Saint-Clair Street has been listed for sale since May 2011.
After initially being placed on the market for $900, its price was dramatically reduced to just $1 in February last year.
A description of the property on the Zillow website describes it as a 'Multi Family home featuring 2 units, hardwood floors, basement, and much more!'
(Excerpt) Read more at dailymail.co.uk ...
I cannot imagine them trying to collect back taxes (tens of thousands of dollars) from a rotting pile of crap sold for a buck.
It is just unfah...unfam... without fathom.
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