Bill McMachen, a former yacht dealer, made a deal with county officials to buy all 645 homes for $4.9 million, which comes out to about $7,500 for each property.
Although county officials are happy to get the back taxes owed on the homes, hundreds of people, who were hoping to get their hands on some of the dilapidated homes at auction, are crying foul.
About 300 people, who paid $500 registration fee to bid on the rundown homes, were turned away when they arrived on auction day.
One would-be-buyer told a local TV station that he was prepared to bid up to four times what McMachen actually paid for some of the homes.
“I feel bad that it went that way,” the disappointed would-be-buyer said. “If we knew it was going to happen like this we wouldn’t have wasted any time.”
McMachen is expected to make about $2million profit on this deal after he fixes up the properties and sell them.