Hat tip to AL for sending in more on the story in Escondido.

The tenant of this house has been arrested for having created a bomb factory in his residence, and now the sheriff has decided to burn the house down.  The owner of the house paid $479,000 in 2005, and refinanced it since, with loan balances around $500,000, so this will be the bank’s problem now.

But check this out – Jenae’s flipper client just bought the house next door for $221,000 at a trustee sale, and is trying to flip it for mid-$300,000s.  You’ll see her sign in the video:


Here’s a look inside the house:

Pin It on Pinterest