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the toss

Anyone from Detroit ?

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I got an email from a mate with an attachment from a real estate agent in Detroit. The email was primarily about a house for $100. I had a look at other offerings from this agent and there were heaps of pretty good looking places for between $10000 & $50000. So what is the storey behind these. Are you also buying into the remaining balance of the mortgage or is this the total price ? Are you buying the land or is it only a lease? What's with "summer tax" and "winter tax" ?

There is a 3 storey tudor style brick house that looks well maintained for $14000. If that house was next door to me it would probably be worth $500,000.

So for anyone from Detroit, what's the sorey with these places ?

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