The parcel it sits on, you bet. The new owners intended on razing it and building something profitable.
From what I've read, the house was paid off and then a family member started getting in trouble with the law, necessitating home equity loans that weren't paid back.
“From what I’ve read, the house was paid off and then a family member started getting in trouble with the law, necessitating home equity loans that weren’t paid back.”
Article:The Kinneys paid off their house but took out a new mortgage to pay defense lawyers after a family member was arrested in 2002, the Red House on the Mississippi group has said.
home equity loans that weren’t paid back.
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My sister gave her son a house, within two years he had taken out $150K in home equity loans........by-by house.