Necromancy Power over 9000
The city of Gary, Ind., is running a real estate fire sale: A dozen homes for $1 each.
The catch: "They need work," said Gary's mayor, Karen Freeman-Wilson. "It's up to the homeowners to provide the sweat equity."
The city bought the homes at county tax sales after owners fell behind on property taxes, and the sale is part of a neighborhood stabilization effort underway in the University Park section.
The program was announced in June and quickly drew interest from more than 400 potential buyers.