The Big Picture: I tell students all the time that they must research the property before bidding. This story from Florida provides two great examples of why, wen you read to the end – Elliott
Kerville Holness thought he’d done a great job snapping up a $177,000 Tamarac villa for only $9,100.
But that’s not what he actually bought during a Broward online auction of properties that had defaulted on their taxes.
He got a 1-foot-wide, 100-foot-long strip of land on Northwest 100th Way — valued at $50.
It starts at the curb where two mailboxes have been installed, goes under the wall separating the garages of two adjoining Spring Lake villas, then extends out to the back of the lot.
And officials say he’s stuck with the deal.
Read the full story from sun-sentinel.com