Wednesday, December 15, 2010

U.S. subprime mortgage crisis triggered a lot of strange phenomenon: a house as you pound cabbage.

<P> U.S. subprime crisis on the U.S. housing industry in some cities had a devastating effect, the U.S. city of Detroit an outstanding mortgage of the house back after the bank seized, sold $ 65,000 two years ago this beautiful home has recently .actually be the price of 1 dollar fire sale out and buy the big cities in the United States would take $ 1.375 a pound of cabbage around. .</ P> <P> listing sold at a dollar </ P> <P> It is reported that this latest real estate market listing in the $ 1 sale of the house in Detroit City, Travis Street, No. 8111. .Not from the former owner loans, lending banks have recovered this house. .<P> However, when this two-story house is vacant when it became a paradise for thieves and vagabonds, first fence was stolen, then the thief broke in and stole the house, like every thing of value, .including copper pipes, stove, lamp, hot water tank, and the kitchen sink. .<P> Two years has shrunk to 1 / 65000 <P> owns this house as soon as the banks want to sell it, although the price of the house two years ago is also up to $ 65,000, but this year in January, the U.S. local .banks are in the real estate market, listing $ 1,100 will house a "jump sale price" may still have been flops. .<P> The house owe $ 4,000 in taxes and a large water bill, the house area and poor law and order, the bank as soon as possible to get rid of this hot potato, even hung out the recent astonishing $ 1 .Sale at breakdown to sell, which means that the house in two years time has shrunk to 1 / 65000! .<P> Buyer intends to pay cash <P> It is reported that the bank put up $ 1 in real estate sales price, the anxiously waiting the 19 days, until finally the last of a buyer. .Real estate brokers Ke Pate declined to name the buyer's name, because this real estate transaction is not over yet. .He only said that name of the buyer agreed to pay $ 1 prices, and intends to pay cash. .<P> According to him, this buyer is a local woman, she thought it was a worthwhile investment in real estate, which she does not live there. .<P> Strange phenomenon of the subprime mortgage crisis triggered <P> In fact, this house is not the only one in Detroit, sell a dollar of residential U.S. real estate broker Web site shows that there is Detroit, the other two homes and a vacant lot .sell only a dollar. .Detroit availability for other waste, is now mostly a lot of the price only 100 dollars, 300 dollars to spend can buy a large space in Detroit. .Local real estate agent "than Salim Group" Allah Ursula senior maintenance specialist, said: "Even my 14 year old son can easily buy a property in Detroit." </ P>.

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