TEP sets the record straight. We obtained a copy of the infamous $1 deed. Recall the New York Times reported that Joe Paterno deeded his house to his wife in order to protect it in case of lawsuits stemming from the Penn State scandal. The deed corrects a mistake in an earlier 1997 deed. It looks like this real estate transaction had been planned for years, just as Joe Paterno’s attorneys said so in the New York Times.