A Chicago woman bid $1.75 for an abandoned house auctioned on eBay and won.
Joanne Smith, 30, bested seven other bidders of the Saginaw, Michigan house auctioned off by its anonymous owner, who bought it for an undisclosed amount. The bidding started at five cents and the second highest bid was $1.50.
Although Smith has to pay $850 in back taxes for the foreclosed home at 1606 Perkins Street, her cost would still be a record low for a home. She doesn't plan to reside in the house but will sell it, also on eBay.
