Not worth a Tinker's damn

End of this particular road for Michael Metter, though he’s sure to be working his talents elsewhere — possibly Boca Ratan?

Or not much of one, anyway. 1 Tinker Lane once owned y former WGCH owner and fraudster Michael Metter has been sold by his lender for $1.2 million. It was once listed for $3.550 million a number as phony as Metter himself. We’ve chronicled the man’s various scams over the years here, and Crain’s summed up his Spongetech fraud back in 2012 in a concise fashion.

But give Metter credit: from his first arrest by the feds in 2009, he hung on for years, batting away creditors and prosecutors alike. The foreclosure on this house wasn’t even begun until 2015, and he managed to drag it out for five full years. I think our state courts’ tolerance of lengthy foreclosure procedures ultimately hurts lenders and legitimate borrowers alike, but that’s the system we have, and we seem to be stuck on it. Have I mentioned that trial lawyers dictate policy in Hartford?

Regardless, $1.2 seems about right for this house, though I personally would have advised a buyer not to risk any number over $950, $975. We have a depression coming.