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this post was submitted on 24 Aug 2023
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"An LLC took the house over and purchased it for $25,000 in March 2023."
Scummy businesses doing crap like this need to stop.
It's not a justification for what he did, but it is a reason why he did it.
He was a sovereign citizen nutjob that stopped paying his mortgage. It sucks that an LLC bought it but that is coincidental to the story. If a nice family with 2 kids and a van bought the house they would also have evicted him.
An LLC bought a house in America for $25,000 in 2023. That's a big problem.
And seeing as you didn't seem to pay attention the first time I will say it again ... this is not a justification, but it is a reason.
That's like saying "This broken iPhone 13 sold on eBay for only $80. That's a big problem."
An LLC paid $25K because the bank owning the home was willing to sell it for $25K. And that's not because the bank hated money. If someone else had been willing to pay more then it would have sold for more. That's how foreclosure auctions work.
Foreclosed homes generally sell for a lot less because the occupant often causes a legal and physical mess and most home buyers are not interested in dealing with it.