Times Square Bombing Suspect’s Shelton, CT Home in Foreclosure

Faisal Shahzad, the guy accused of trying to set off a bomb in New York’s Times Square last weekend until a T-shirt vendor tipped off a cop, apparently owned a home in Shelton, CT that is now in foreclosure.

According to the Wall Street Journal, Shahzad and his wife, Huma Mian, were facing financial ruin and left their Shelton home last year. According to Zillow’s Price History chart (below), Shahzad purchased the newly built home in 2004 for $273,000, putting 20% down; he mortgaged the rest through Chase Home Finance. The Shahzad’s then listed it for sale in August 2008 for $299,900 and then shaved the price by $14,900 just a month later. When the house didn’t sell, Shahzad told the real estate broker last spring that he “had to let the house go to the bank” since he was returning to Pakistan to care for his parents. They held a tag sale in July and left the house, never to be seen again by neighbors.

Chase proceeded with foreclosure last September, but the Shahzad’s failed to show up in court.

NBCConnecticut.com reports Shahzad worked as a budget analyst for a marketing firm in Norwalk, “… had two children and a well-educated wife who posted his smiling picture and lovingly called him “my everything” on a social networking website. But shortly after becoming a U.S. citizen a year ago, he gave up his job, stopped paying his mortgage and told a real estate agent to let the bank take the house because he was returning to Pakistan.”

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