Katharine
In memory of Travis Alexander-WS member 3/30/2013
- Joined
- Mar 30, 2013
- Messages
- 446
- Reaction score
- 1,937
Lots of questions with JJD, but one thing I'm wondering is how he was able to buy a house in 1980? He was fired by the Auburn PD in July 1979 and there are no apparent employment records for him from that date until 1991. Also, in 1980, I'm pretty sure his wife was still in law school. She graduated in 1982.
I've read he got a VA loan on the house. If we assume he got a break on the interest rate and more relaxed underwriting requirements because he was a veteran, it would have to be a HUGE break as the banking industry was in a state of crisis and the average mortgage interest rate in April of 1980 was 16.32%. If she was in school and he wasn't employed, how did they qualify for a mortgage and how did they afford the mortgage payments?
Also, 1980 is the year the serial murders began to occur in southern California. WTH?
This 3 bedroom 2 bathroom house, 1499 sq ft, on 9,148 sq ft property was built in 1979. Last sold for $77,000. Estimated value $369,221.
https://www.redfin.com/CA/Citrus-Heights/8316-Canyon-Oak-Dr-95610/home/19216057
This would mean he bought it brand new. In 1980 this might have been alot of money??
I echo your questions.
ETA: I read wife was removed from title 3/1/1992.