Times Square Bomber's Home Auction Fizzles
At this past weekend's foreclosure auction, no one countered the $227,400 bid by Shahzad's lender, Chase Home Finance LLC, for the three-bedroom Shelton, Conn. residence, reports Bloomberg.
The home went into foreclosure after Shahzad, who is in jail with five felony charges, failed to repay the $213,000 owed by July 31.The confessed bomber stopped making his mortgage payments in June of last year, around the time federal authorities say he traveled to Pakistan to visit a terrorism training camp.
But the interested bidders said the fact a terrorist once lived in the house didn't dissuade them.
Instead, the three interested parties who showed up to the public auction told New Haven Register that the price of the foreclosure was too high.
In 2004, Shahzad bought the 1,356-square-foot colonial home, which he shared with his wife and two children, for $273,000. It was appraised at $243,000.
According to authorities, the bomb was made at a rented apartment in Bridgeport, Conn., about nine miles southwest of Shelton, where Shahzad lived after returning to the U.S. last February.
This is where he's believed to have loaded a homemade bomb, which was made of easily purchased items, such as alarm clocks, gas canisters, fireworks and gasoline, into a 1993 Nissan Pathfinder, and drove the car into Manhattan on May 1.
Shahzad, who plead guilty to 10 terrorism-related charges last month, will be sentenced Oct. 5.
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