Today’s Headline
Foreclosure Scammers Posing As Homeowners Rent Bank-Owned Properties In Florida
Perception is not reality. Randy Lutz learned that important lesson firsthand when he attempted to relocate his family, which includes a handicapped son, from a “crime-ridden” Rhode Island neighborhood to a seemingly more friendly Winter Park, Fla., community. Lutz, responding to a home-for-rent ad listing on CraigsList.com, had no idea that the lease he signed… [Continue Reading]
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Celebrity Foreclosures
Christmas-themed ‘Snoopy’ house in Costa Mesa, CA, falls into foreclosure
It seems as though not even Charlie Brown is safe from foreclosure these days. Los Angeles Times reports that a traditional "Peanuts" holiday scene that has been a seasonal … [Read More...]
Rihanna’s house in LA hits the short sale market for $4.5 million
The $7 million home of super successful singer/songwriter, Rihanna, in Beverly Hills, Calif., is the subject of a real estate short sale, according to several published … [Read More...]
Chris Tucker: Foreclosure on $6 million central Florida house initiated
It's turning into foreclosure "Rush Hour" on actor/comedian Chris Tucker's 10,000 sq. ft. waterfront mansion in Lake Apopka, Fla., which is reportedly in distress to the tune … [Read More...]
Burt Reynolds house in Hobe Sound, Florida, faces foreclosure
Perhaps the most recognizable celebrity to emerge from South Florida, Burt Reynolds, is in danger of losing his 4-acre compound in Hobe Sound to foreclosure. WPTV.com … [Read More...]
John Smoltz’s vacant land in Wyoming headed for foreclosure
Retired Major League Baseball (MLB) pitcher John Smoltz has an outstanding $1.6 million balance on a vacant piece of property in the Snake River Sporting Club, which is … [Read More...]
Foreclosure Deals
Warren Buffett advice on investing: ‘Load up’ on single-family homes at distressed prices (Video)
“Single-family homes are cheap right now. If I had a way of buying a couple 100,000 single-family homes, and had a way of managing them — the management is an enormous problem because they are one-by-one, not apartment houses — I would load up on them. I would take mortgages out at very low rates… [Continue Reading]
National Housing Survey Reveals Most Americans Still Want To Own Homes
The American Dream of one day owning a home is apparently still alive and well despite the recent real estate recession. That’s according to recent national housing survey that Fannie Mae conducted, which interviewed 3,000 individuals in late 2011, revealing that two-thirds of the respondents would prefer to own properties rather than rent them. However,… [Continue Reading]
Foreclosures Push Home Prices To Lowest Levels In A Decade
It’s official (if it wasn’t already): Homebuyers and real estate investors today are in the driver’s seat. And it’s probably not a stretch to say that they will be riding shotgun, too, for the foreseeable future. S&P/Case-Shiller released its latest home price index of 20 major cities located throughout the United States, indicating that collective… [Continue Reading]
‘Octomom’ Nadya Suleman Foreclosure Sale Delayed (Again)
The most bizarre foreclosure case in recent memory must belong to Nadya Suleman, who is also known as “Octomom” for delivering eight children at once (via in vitro fertilization) while on government-sponsored welfare to help support her other six children back in 2009. Her unique story captured major headlines throughout the United States at the… [Continue Reading]
Woman Buys (And Renovates) ‘Wrong’ Mississippi Foreclosure Home
Just kidding! First-time real estate investor Terry Jordan in Tate County, Mississippi, thought she scored a steal in Senatobia. Her husband recently lost his job, so the couple turned to the opportunity-rich distressed real estate market “to help them while they go through a tough time,” according to WREG.com. They settled on a nearby fixer-upper… [Continue Reading]
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