The house on the 1200 block of Arnold was appraised at $40,000, and when it was foreclosed in 2004, the minimum bid was $8,029.
On paper, at least, it was the type of property that normally would draw the interest of many a sophisticated buyer.
Yet there were no apparent bidders. Public records show the house sold for the minimum bid — to the lender, Will Brinson of San Antonio, who doubled as the auctioneer.
He says he can’t remember whether anyone showed up.
To read the entire story, click here.
