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Homes bought out by city of Fargo on auction block

March 18, 2013
Minot Daily News

FARGO (AP) - Seven homes that have been bought out by the city of Fargo as part of its flood prevention efforts are up for auction.

The houses are valued between $300,000 and $500,000. Auction winners are responsible for moving the homes.

Realty agent Jim Lakoduk tells WDAY-TV that some bidders might be interested in salvaging parts of a home, rather than moving it.

The city expects to spend more than $23 million dollars on home buyouts this year. Fargo residents battled major flooding for three straight years, beginning with a record Red River crest in 2009.

The auction was scheduled Monday at Fargo City Hall, but has been postponed to a later date because of a winter storm.

 
 

 

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