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Has anyone bought a home for under $5,000?

I'm looking for people who have bought homes for under $5,000 -- even $1! I'm just wondering what your experience was like and if you thought it was worth it. I'm also looking to speak with Realtors who have experience handling these types of properties. I'm a member of the press and would like to write a story about this topic. Please email me at graham.wood@teamaol.com.
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September 27 2012 - New York
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I have a client who has a property that GMAC gave them the deed on after GMAC could not sell the property on their own. There are of course $10,000 in city liens for uncut grass and other issues, but they did receive a property for free, not $1 or $5000, free.

The challenge is trying to sell the house, get the liens removed, and update a house that has been sitting for 5 years, without anyone in the property.
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August 10 2013
I purchased two homes last year for under $5000 in Atlanta. One for $2750 which is now occupied and one for $4000, that I am still working on
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August 10 2013
i haven't bought 1 for 5k, but i know where there is 1 for sale for 7k
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September 27 2012
 
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