According to Milton township, the property was purchased for $49K. The article says the house was bought for $1, and the move cost $50K.

But the house is listed at $550K and is "facing foreclosure". Something's missing in the story or it needed a helluva lot of rehab.

I'm guessing the home was put up as collateral for a loan to cover the cost of the move and/or renovations.

"The move ended up costing $50,000, and she spent considerably more on the subsequent restoration, requiring her to take on extra jobs and a mortgage."

I'm waiting for the house raffle to begin again. Saw a few back in the 80's.

The video I saw mention low to mid-six figures in renovation costs.

Yeah, she had to move the house and then it looked pretty decrepit before she did her rehab work.

Update

Something odd about this story. This is the second time I had heard that she was down . . . to . . . the . . . last . . . . payment. Seems weird that she couldn't find someone, anyone, perhaps a $100 from a couple dozen people, to make that last payment. Personally, I think it is B.S. or a journalistic mistake. No one would lose their house for missing one payment. Especially if it was the last one. Perhaps they meant the last year.

Ah, but alas...
Donations pour in

...and a story that has some more depth (reporting) to it...
Home Faces Foreclosure

To clarify, I meant B.S. in reporting . . . not her story. Never thought of the balloon payment. Just proves that my legal abilities are limited to parking ticket resolution.