Jeff Goldblatt (Fox News) also reports that Wright purchased the property for $345K in 2004 and sold it to his church (Trinity) in 2006 for $308K, with the proceeds going to a living trust shared with his wife. His church then secured a $1.6 million mortgage for the home with a $10 million credit line.
While tax expert Jack Siegel says there's nothing technically wrong with the arrangement, it's hard to imagine why the pastor disaster moved from the community that enriched him, unless he's fully-retired from his career of exploiting gullible blacks to enjoy the rewards of white capitalism.