A THREE-bedroom, one-bathroom house with basement: all yours for $1.
The 1923 bungalow is a little worse for wear and has some “fire damage”, says the agent, but if you ever want to get out of Detroit, as many people clearly do, it’s close to the airport and freeways.
The one-dollar house is no anomaly. Four others, [...]

J. P. King Auction Company, the nation’s leading auction marketing firm will manage the Federal Deposit Insurance Corporation’s (FDIC) auction of foreclosed property in Detroit, Michigan on September 30, 2008, 2 p.m. at the Rock Financial Showplace. J. P. King’s Asset Auctions Division will auction 83 foreclosed properties.
The properties range in value from as low [...]

One dollar can get you a large soda at McDonald’s, a used VHS movie at 7-Eleven or a house in Detroit.
The fact that a home on the city’s east side was listed for $1 recently shows how depressed the real estate market has become in one of America’s poorest big cities.
And it still took 19 [...]