CLEMMONS, NC -- The so-called "House of Horrors," where human remains were discovered buried in the backyard last summer was sold to the highest and only bidder, Wells Fargo.
The bank's bid was $123,798.39 and after about five minutes, Lee Cox with Trustee Services of Carolina LLC completed the auction of the house which is located at 2749 Knob Hill Drive in Clemmons.
A Wells Fargo bank spokesperson told WFMY News 2, their plans are to demolish the house.
The bank's deal won't be sealed just yet, that's because--by rule--there's a 10-day period. During that period someone can offer to buy the house or a higher bid may come in. If someone chooses to put a bid in, it must be 5-percent more than the current bid.
"Could someone outbid them? Yes, it's not over till it's over," said Lauren Hurst, who has watched the house across the street turn from a crime scene to a spectacle. "I'm trying not to think that way but I know it's definitely a possibility," said Hurst.
If someone other than the bank buys the house, the new owner would still have to make the repairs needed to bring the property up to code. The county estimated that will cost $78,000.
The bank and the property trustee will determine the starting bid at auction. The county estimates the tax value of the property at $102,592.
In October 2014, Forsyth County Sheriff deputies found the remains of Tommy Dean Welch and Joshua Frederick Wetzler buried in shallow graves in the backyard of the house.
Pazuzu Algarad and his wife, Amber Burch, were arrested and charged with murder. A third person, Krystal Matlock, was charged with Accessory After The Fact to Murder.
Their trial is expected to begin in April 30.
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