Monday, July 28, 2008

Murder & The Mortgage Meltdown

Murder & The Mortgage Meltdown1700 block of Schulte Avenue, San Jose, CA: On October 1, 2007, this house had been on the market as a "short sale" for about six months. Then the owner was fatally stabbed, and his wife and two daughters wounded, by the 19-year old boyfriend of one of the daughters.

The house is now bank-owned and has been reduced in price by half, from its already short position, but still no takers. I guess people think $320K is still a bit steep to live in constant noise, crime, grafitti, traffic congestion and gang activity.

Mr. Excitement was arrested at his mom's house the next day.

Nikon F100, 50mm f/1.8D, Kodak Portra 400VC.

Note: I am not affiliated with the realtor, the bank or the former owner.

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