Woman Faces Foreclosure on House She Bought for $1
It's a story we've heard so many times we can practically recite it by heart.
Well, Linda Hatchell didn't do any of those things. In fact, Hatchell paid just $1 for her home in Glen Ellyn, Ill. Yet today she's on the brink of losing it, reports NBC Chicago.
When Hatchell bought the historic Victorian in 1989, it was in such bad shape that the previous owner wanted to knock it down. Hatchell, seeing her "dream" in the graceful house with the turret and wraparound porch, plunked down the asking price -- in vintage turn-of-the-century coins! -- on the condition that she move the property to another location.
Over the next 20 years she restored the house to pristine condition and filled it with period antiques. She took out a mortgage to finance the project, but the cost of renovation and ongoing maintenance, coupled with the loss of her job and a health crisis, stretched Hatchett to the breaking point. Now she must sell the house or lose it to the bank.
Watch the video below to hear Hatchett tell her story.
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