$1 can buy you a home in Akron, Ohio
Akron, Ohio (Thinkstock)
Man accused of planting pipe bombs before Jan. 6 Capitol attack is charged with explosives offense
ShakeAlert sends false alarm about magnitude 5.9 earthquake in Nevada, California
Steve Cropper, guitarist and member of Stax Records’ Booker T and the M.G.’s, dies at 84
Thunderbird pilot ejected during training exercise in California, Air Force says
AKRON, Ohio — A vacant 92-year-old bungalow in Akron sold at a sheriff’s sale last month for just $1, a price made possible by a revision of Ohio law governing public auctions last year.
The Akron Beacon Journal reports the home is the first to sell so cheaply in Summit County since the passing of House Bill 390 last summer.
Under the new law, vacant homes can now be sold for less than two-thirds of their appraised value at public auctions across Ohio. The “fast-track foreclosure bill” also decreases the time abandoned properties are wrapped up in foreclosure suits to as little as six months, before they can attract a criminal element or deteriorate further.
Records show that no one challenged Citizens Bank’s winning $1 bid.
