Third Eminem House Auction Falls Flat

12/16/2002 at 01:00 PM EST

It's not every day that $12 million simply disappears, but apparently that was the case concerning the high bid on Eminem's former Warren, Mich., home, which had been up for auction on eBay, according to Michigan's Macomb Daily newspaper.

The Grammy winner and "8 Mile" star, 30, had lived in the suburban Detroit bungalow as a teenager, when he was still known as Marshall Mathers III. The residence had reportedly been appraised at $91,000 -- with a minimum purchase price of $120,000 established before the multimillion-dollar offers came pouring in.

Turns out, however, that none of the inflated bids on eBay were legit.

"As of right now, we don't have the numbers we wanted," Roland Fraschetti, one of the owners of the home and a Macomb County commissioner, tells the Macomb Daily.

"If you want to sell traditional property, you can't depend on the Internet," Fraschetti said. "You should use more traditional means of marketing property. I'm sure we would have gotten $75,000 through an ad in the Macomb Daily."

Another former Detroit residence of Eminem's also failed to attract a minimum bid of $500,000 on eBay when its auction expired last week. A third Eminem house had attracted an ultimately fraudulent bid of $99.9 million, but the owner is still hoping to unload the house for $2 million.

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