Mortgage company sells house for $50 at end of 1997

The Taj Mahal it’s not. At the end of 1997, a national finance company sold a Church Hill home to a Richmond investor for $ 50. Yes, Fifty dollars.

The home was in good enough shape to rent and redevelopment in the area could make a big difference for future re-sale value.

To top it off, the seller paid $ 1000 of the buyers closing cost and paid a $ 1500 commission.

Sadly, the tenant caught the house on fire a few weeks after closing.