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You missed something in the article. He bought a property in a depressed area. The property rose in value to where it's now over $125000. The city foreclosed on
by cannonedhamster 7y ago
You missed something in the article. He bought a property in a depressed area. The property rose in value to where it's now over $125000. The city foreclosed on the house and sold for $25k and kept the profits above $8.41 of back taxes owed.