A Florida investor thought he got a great deal when he was buying a $177k-valued villa for $9,100 at a county property tax auction, but it soon turned into sour grapes. According to the South Florida Sun Sentinel, what he actually purchased was not a villa but a 1-foot by 100-foot strip of land worth about $50 (see arrow in photo below). Now the buyer wants Broward County to void the deal and claims that the photos were misleading and deceptive. The land actually contains two mailboxes starting at the curb and then runs under a wall separating the garages of the two adjoining villas and then extends out to the back. Caveat emptor….
“It’s deception,” said Holness, a first-time auction bidder from Tamarac. “There was no demarcation to show you it’s just a line going through [the villa duplex], even though they have the tools to show that.”
Click here to read the story at the South Florida Sun Sentinel.
1 Comment
Pingback: Investor Buys Tax Delinquent Villa That’s Actually a 1-Foot-Wide Strip of Land - Revival Brothers Real Estate Investments