If ever there was a lesson to Tom Hanks’ 1986 classic movie “Money Pit,” it was that a gorgeous mansion on the market for a reasonable price usually comes with a huge catch.
It seems buyers in Montclair, New Jersey, took that lesson to heart.
When an approximately 4,000-square-foot Victorian mansion hit the market in 2017 for only $10, no one jumped at the deal.
With no one willing to purchase the property, demolition of the mansion began in mid-May 2018, according to NJ.com.
In its place now stands a cluster of eight single-family homes called “The Collection.”
So why were buyers not sold on the mansion’s price?
This is a great example of why it’s important to have a lawyer help read the fine print. 🙂
“So when a