Times Square Bomber's Home Auction Fizzles

Lender wins auction of Faisal Shahzad's Connecticut home Confessed Times Square bomber Faisal Shahzad may be infamous for an attempt to detonate a car bomb in Manhattan's busiest plaza, but the foreclosure sale of his former Connecticut home ended like most auctions these days -- back in the hands of the bank.

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.


Faisal Shahzad faces 10 terrorism-related charges will be sentenced Oct. 5 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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January 07 2011 at 12:31 PM Report abuse rate up rate down Reply