Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 13, 2008 3:16:52 AM CDT

Learn about Newser Points »

« Back to the grid | Next story »

House Could Be Dead Giveaway

Posted Apr 6, 08 11:20 AM CDT in US 

(Newser) – If Bob Fanning dies in the next decade, the buyer of his Wisconsin home—listed at $498,900—will get a half-million dollar payday. That’s because the 69-year-old plans to make the new owner the beneficiary of a 10-year life-insurance policy, a carrot he hopes will sweeten the deal in a tough real-estate market, the Minneapolis Star Tribune reports.

The "outside-the-box thinker," whose parents and sister died before age 79, thinks it’s "a hell of an incentive," and is willing to share his medical records with the buyer. Fanning isn't worried about foul play, which lawyers say would void the deal. As for his wife? "I'm always in awe of how he comes up with a different way of doing things," she said.

Source Minneapolis Star Tribune

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon
The subprime mortgage crisis has created a glut of homes on the market.   (KRT Photos)
The price of Bob Fanning's house in Whitehall, WI would be covered by his life insurance policy.   (www.petersrealestate.net)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 3)

Tags

housing crisis  • subprime crisis  • Wisconsin  • real estate values  • homeownership  • life insurance


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other US Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »