4 ms·
A $100 winning bid for the Pittsburgh Mills at the foreclosure auction. Not bad (and quite sad)
by throwaway40483 10y ago
A $100 winning bid for the Pittsburgh Mills at the foreclosure auction. Not bad (and quite sad)
- chrissnell 10y agoWait until they get the property tax bill.
- georgecmu 10y agoIt's a bid from the bank that holds the mortgage -- mostly symbolic. In effect it's a transaction to write off the loan and take possession of the property. There were no real bidders, as the bank could raise the bid all the way to the amount they're owed without any real effect on their bottomline.