Los Angeles Times has put together an interesting multimedia presentation of the foreclosure problem that is sweeping the nation in general and California in particular. Watch it right here.

Nadya Suleman, who was branded “Octomom” by the press after giving birth to octuplets in Jan. 2009 while on government assistance to help support her other six children (now 14 total), is in danger of losing her home La Habra, Calif., to foreclosure, according to TMZ.com.

Her father, Ed Doud, actually negotiated the deal for the 2,583-foot four-bedroom home in Orange County, Calif., for $564,900 about 12 months ago.

This was just after their family home in Whittier, Calif., was mentioned in a pending foreclosure case — Angela (Nadya’s mother) owed her lender $20,000 in arrears for late mortgage payments.

Now it appears that little more than a year later, the oversized family finds themselves in a similar predicament, owing a balloon payment of $450,000 to the note holder on the La Habra home.

Amer Haddadin, the seller of the home, indicated in the report that he intends to initiate foreclosure proceedings if Octomom and/or her father can’t come up with the outstanding payments.

Money, money, money, money … MONEY. Some people got to have it … like SB Associates LLC in Fort Lauderdale, Florida.

The developer of the 24-story, 298-unit luxury condominium complex on the white sandy beaches of South Florida has reportedly defaulted on its $139 million loan, according to the Sun-Sentinel.

And it appears that the more than 80 people who already plunked down deposits on their slice of tropical heaven could be in limbo for up to six months until the foreclosure situation is resolved.

But don’t blame “The Donald” for this massive real estate flop. He, too, is apparently just an innocent victim.

From the report:

“The [law]suits also question the role of New York City’s real estate mogul Donald Trump and his Trump Organization in the Broward project. Promotional materials suggested Trump was a developer and partner. But after setbacks in construction last year, Trump has said that his group only licensed its name to the venture.”

It’s unclear at this time what the mortgage note holder will eventually do with the property: “keep it as a condo-hotel, make it a traditional hotel or something else.”

For the love of money!

The Southfield, Mich., home of seven-time world boxing champion, Thomas Hearns, is being issued a standing eight count, according to a recent report in The Detroit News.

Records indicate that “Hitman” owes nearly $1 million in delinquent taxes and mortgage payments.

In particular, he owes $513,000 on the 10-acre home he shares with his wife. And if the couple doesn’t figure out a solution soon, the bank intends to put the home up on the auction block in less than one week (March 23, 2010).

His attorney, Michael J. Smith, however, is confident that everything will work itself out eventually.

Here’s a snip:

“Tommy’s going to resolve the house issue. Tommy’s doing fine. It’s just an unfortunate issue that we’re dealing with and we’re working to get it resolved right away.”

Hearns reached rock star status in the mid- to-late 1980s in and around the Detroit area under the tutelage of prestigious trainer, Emanuel Steward, out of the legendary Kronk Gym.

Known for his devastating knockout power, Hearns is perhaps best known for his “war” against Marvin Hagler, as well as his controversial bouts against Sugar Ray Leonard.

It’s estimated that Hearns banked about $40 million throughout his boxing career alone.