Actually, if you read the full article, the bank credited the buyer closing costs, paid $3500 in RE commissions, paid utilities, and some other stuff to the tune of $10,000 to close the deal.
Frankly, I’ve been in that area and $1 isn’t worth the liability of owning the property. The buyer can’t live in it, needs to spend thousands to fix it, can’t fix it because it’ll be stripped over night and can’t spend the night…
