Foreclosed Home Of Earl Bradley, Pedophile Pediatrician, Receives No Bids At Auction (VIDEO)

For some, a home's former owner can haunt the property forever.

The foreclosed former home of Earl Bradley, a pedophile pediatrician, didn’t net any bids at an auction Tuesday, local news station WBOC 16 reports. Bradley, who is serving 14 life sentences for sexually abusing some of his young patients, owed more than $560,000 on the house. The house was put up for sale at a foreclosure auction featuring about 50 other properties. The starting price was $230,000.

"I would think anyone in this area would maybe shy away from buying that piece of property," deputy sheriff Tina Timmons told WBOC.

They might be passing up a bargain. The median listing price for a home in Lewes, Delaware, where the house is located, is nearly $70,000 more than that, according to real estate site Zillow.

If U.S. Bank can’t manage to sell Bradley’s home -- and if other foreclosed homes formerly owned by criminals have trouble netting bids -- that's even more bad news for a lousy housing market. Foreclosed homes already drive down surrounding property values more than vacant houses, according to an October report from the Cleveland Federal Reserve. And with the foreclosure crisis showing little sign of abating, property values may still fall even further.

In addition, the criminal's former house could become a hot bed of criminal activity. Suburban law enforcement agencies have had to use resources policing vacant homes in the wake of the housing bust, as the empty properties become havens for thieves and other criminals, according to a 2008 Washington Post report.

Still, it's not only foreclosed properties previously belonging to criminals that have trouble selling at auction. When the foreclosed Watergate Hotel -- an iconic Washington landmark -- was put up for auction for $25 million in 2009, it attracted zero bids, according to McClatchy Newspapers.

Comments

[Housing Is Cratering]

02:16 PM on 05/20/2012

This story demonstrates the fact that housing demand is at 15 year lows and FALLING.

Why is that? Because;

1) Everyone knows housing prices are grossly inflated

2) Everyone knows housing prices are falling

Why buy a house today when you can buy later after prices crater for 65% less?

[OutAtFirst]

12:14 PM on 05/17/2012

I can't stand auctions with pre-set minimums,if you want a certain price, just list it on the market.

[jimme]

11:59 AM on 05/17/2012

Wasn't he in the movie Enemy Mine ?

jk

[2garen]

10:50 AM on 05/17/2012

Nine times out of ten zillow is wrong about the prices.
Don't worry , the house will sit for at least three years vacant. No heat and the winterization package that is paid for by the USA taxpayer. Mold/ moisture in the walls, no heat for the winters, After that Freddie or Fannie will try to sell it for top dollar.

[Andy49]

09:50 AM on 05/17/2012

Smoke and mirrors and out right theft. Wall Street is what is wrong with the economy and not the nation itself. They are thieves and operate as if they are above the law becasue they have the money and political power to flaunt the law.

[sarah 2003]

09:17 AM on 05/17/2012

"I would think anyone in this area would maybe shy away from buying that piece of property," deputy sheriff Tina Timmons told WBOC."

Just change the carpet.

[kmeccat]

08:16 AM on 05/17/2012

"Ghosts" come in many forms.
In this case, no one needed to die to leave "ghosts" in this house.
Just a very BAD man who managed to leave behind very bad energy along with those very bad memories...

[ApprxAm]

06:39 AM on 05/17/2012

A house eventually becomes a home and that usually implies children. Some things are too incongruous to the senses and some ghost can only be exorcised by death.

Here's to hoping the Bad Doctor finds a lovely, masculine boyfriend to help him cum to grips with his 14 life sentence in the most intimate way possible.

...oh, yeah...tear his cave down and burn the dirt.

[davhrcr]

06:14 AM on 05/17/2012

If that place is $230,000, my place is worth upwards of 5 million then!

[Lad15]

06:11 AM on 05/17/2012

Any house (or object, for that matter) is only worth what someone is willing to pay. Housing is no different. Just because "they" say the average house is worth XXX does not mean that that particular house is worth anything at all. When (and IF) it gets sold will it's actual value be determined. Wake up. People can't buy houses when they don't have, or are not sure how long they wil have, a JOB. The housing bubble will return when the money surplus bubble returns.

[Housing Is Cratering]

02:18 PM on 05/20/2012

If you think housing prices will magically stop falling and even more magically start rising anytime in the next two decades, you're going to be stunned what the future holds.

[anitafeeney]

06:09 AM on 05/17/2012

some properties do seem to be cursed maybe the bad mojo surrounding the place and what was dont there

[Donald Height]

06:05 AM on 05/17/2012

a perfect place for the " tookie amerault memorial daycare center",features include the jeff damhler cafeteria, chukie manson "the clown",and jesu juice for everyone including bubbles n sock?oops..blanket . seriously the structure should be evaluated to see if it's a gut,tear,or flip. then deciede what to do with it. at least the bank has culpable neglegence as owners right?? so to buy more mercedes n yaughts the property owners surrounding should class action the bank for the loss by depreciation of their HOMiES values and neighborhood, by the banks failure to upkeep the home they usually fraudulently obtained..WHAT I SEE IN MY TRAVELS ACROSS THIS NATION IS HOUSES EVERYWHERE,DILAPTATED STRUCTURES. LOOKING LIKE A WAR ZONE, grafitti, feeces,hopelessness,fear,distrust. NO BODY REALLY WANTS TO HELP ANYONE THEY JUST WANT TO BLAME AND PUNISH.

[Mike Hillard]

05:14 AM on 05/17/2012

i'll give the big bank $100 bucks for it and not a penny more

[Artist E Hall]

05:38 AM on 05/17/2012

LOL, good bid.

[anitafeeney]

06:09 AM on 05/17/2012

at this point they may be happy with that and take it

[MasterSgt]

05:04 AM on 05/17/2012

A lot of comments saying; tear it down, bulldoze it, burn it. I guess it's pretty easy to say that when it's the banks money tied up there.

[Lad15]

06:15 AM on 05/17/2012

If the bank was foolish enough to lend more than $560,000 on a house that is worth $230,000, then they should be the ones to suffer the losses.

[MasterSgt]

10:51 AM on 05/17/2012

Lad15; I'm not really on top of just how all that happened, but the gov. was involved some how and Barney Frank had a big hand in it. I know it isn't as cut and dry as you stated. I'm sure there are better experts out there that know a lot more about it then I do.

[Barbara Johnson]

03:36 AM on 05/17/2012

As a "local" to this DE tragedy . . . I can honestly say that this property would be better left bulldzed, razed . . . it is a blight on our local community and a haunting reminder to the families of the children that were molested by this monster. Bradley's offices were razed. The same should be done to this home. Real healing will only begin once the ugly reminder of Bradley's horrific acts is no longer in our faces.

[NancyY]

04:23 AM on 05/17/2012

I was thinking the same thing. A friend of mine told me of a child predator who was murdered in his home; the house stood vacant for years afterwards, then mysteriously caught fire and burned to the ground. I think it is the best thing that could have happened; no one was interested in buying it.

[KadejaLatefah]

07:51 AM on 05/17/2012

this is the most horrible person i can think of. to be smart enough to get thru med school yet be so very evil. ugh