Published Saturday, November 24, 2007 2:51 AM

Texas town fetches $3.8M bid on eBay

Wire Report

SAN ANTONIO -- Someone in Italy is the new owner of a tiny Texas town -- maybe.

Putting up a winning bid of $3.8 million, an unknown Italian buyer Friday purchased the 13-acre, unpopulated, one-house Central Texas town of Albert through the online auction site eBay.

But before Bobby Cave, who owns the town, signs the deed over, he must figure out whether the winning bid is legitimate. He said there are no contractual obligations when it comes to real estate sales on eBay.

"It all turned out great," said Cave, 47, an Austin real estate agent. "There's just not any way to insist that a guy from Italy write me a check for three million."

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