07-20-2009, 07:24 AM
The home was bank owned/foreclosure. It had been listed at $109K. It was sold as-is and could only be purchased owner occupied. The low sale price was set by the bank that wanted to dump it. There are many, many homes in Waukegan being sold for prices much lower than 66K. In this economy it is not unusual and does not indicate a defect with the home other than a previous owner not being able to meet their financial obligations to the bacn.