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I read something that said the Castro house was valued at just over 19,000 dollars. As an unemployed bus driver, the payments were probably easy.
With a house that cheap in a neighborhood with windows all boarded up and shit, would a bank even bother with repossessing if you stopped paying. It seems like it might not be worth the trouble.[/quote]
There are sheds in my area worth more than that. More than likely it has been paid off for years and as long as he was paying the taxes, all was well. Poorer cities do cut the people a lot of slack just to keep houses inhabited. Once a block starts losing houses, it can spread quickly.
Rob