Fed Chair Bernanke’s childhood home sold as foreclosure
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Here’s some Saturday morning reading from the Wall Street Journal:
DILLON, S.C. -- Travis Jackson walks through his modest ranch house, admiring the kitchen’s built-in spice rack and the red-oak floors. He draws back the curtains, and sunlight illuminates the pride on his face. The young banker just bought Federal Reserve Chairman Ben Bernanke’s childhood home at a foreclosure sale. ‘This is where it all happened,’ marvels Mr. Jackson, a 27-year-old loan officer at First Citizens Bancorp, which is down the street from the old Bernanke place. ‘Kind of a surreal feeling, isn’t it?’ Mr. Bernanke’s family sold the property more than a decade ago. It ended up on the block late last year after its former owners fell behind on their mortgage payments.
Seems Jackson bought the house, which had a mortgage on it of $123,000 under the previous owner, from a bank for $83,000. Ah, the ironies of life.
--Lauren Beale
Thoughts? Comments?
