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R. Kelly mansion loss at foreclosure auction tops $4 million

Three-time Grammy Award-winner R. Kelly might today be singing the blues. That’s because the super successful R&B singer, songwriter and record producer took a bath on his custom-built 16-room gated mansion, forfeiting it back to the lender, J.P. Morgan Chase, at a recent Cook County, Ill., foreclosure auction for a modest $950,000. Kelly paid $1.5 [...]

Joey_Porter

Former Miami Dolphins, Joey Porter and Daunte Culpepper, facing foreclosure in Florida

Don’t blame embattled Miami Dolphins General Manager, Jeff Ireland, for the latest bad National Football League (NFL) news to emanate from South Florida. Retired four-time All-Pro linebacker Joey Porter, who played for the “Fins” from 2007 to 2009, and three-time Pro Bowl quarterback Daunte Culpepper who barely lasted one season on the roster (2006), are [...]

Robert_Swift_Foreclosure

Former NBA Lottery Pick, Robert Swift, Refuses To Vacate Run-Down Seattle Foreclosed Home

The taller they are, the longer they fall. Robert Swift — a 7’1″ former National Basketball Association (NBA) center for the Seattle SuperSonics — is holed up in his suburban Seattle, Wash., home, refusing to vacate the property even though it was recently purchased at a foreclosure auction for about half the price he originally [...]

Latest News

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Jamal Anderson: ‘Dirty Bird’ House In Atlanta Sold In Foreclosure Auction

Retired National Football League (NFL) running back, Jamal Anderson, recently lost his 10-bedroom, 12-bathroom luxury home in Atlanta, Ga., in a foreclosure auction, according to AccessAtlanta.com. Anderson purchased that mansion for $1.25 million back in 1999, which was at the height of his success on the gridiron. In fact, it was around the same time [...]

Adverse Possession  Florida House

Adverse Possession: Florida Man Squats In Style, Takes Over $2.5 Million Boca Raton Mansion

Go big or go home. Or, in the case of Andre Barbosa, go big and go into a $2.5 million bank-owned home in Boca Raton, Fla., that isn’t his, but claim that it is. Then, complete “adverse possession” paperwork (we define the term here) and file it with the county clerk. Voila! Technically, Barbosa is [...]

RE BarCamp NYC

RE BarCamp NYC 2013

Foreclosure.com executives recently left the sunny South Florida shores to brave the chilly streets of New York, N.Y., to attend Inman’s annual Real Estate Connect NYC conference. However, before we hit up the Grand Hyatt New York to talk turkey and rub elbows with fellow industry insiders, the team made a pit stop at The Roger [...]

Foreclosure Short Sale Debt Relief

Short Sale Debt Forgiveness Deadline Extended Through 2013

For distressed homeowners who stressed and crammed to short sale their homes prior to Dec. 31, 2012, hoping to catch a major tax break on the difference owed to their lenders, y’all can take a collective sigh of relief. That’s because the teacher, which in this case is the United States government, has given you [...]

Celebrity Foreclosures

Robert_Swift_Foreclosure

Former NBA Lottery Pick, Robert Swift, Refuses To Vacate Run-Down Seattle Foreclosed Home

The taller they are, the longer they fall. Robert Swift -- a 7'1" former National Basketball Association (NBA) center for the Seattle SuperSonics -- is holed up in his … [Read More...]

Jamal_Anderson

Jamal Anderson: ‘Dirty Bird’ House In Atlanta Sold In Foreclosure Auction

Retired National Football League (NFL) running back, Jamal Anderson, recently lost his 10-bedroom, 12-bathroom luxury home in Atlanta, Ga., in a foreclosure auction, according … [Read More...]

chad_johnson

Chad Johnson Hit With Foreclosure In Miami

It's the "hard knocks" life for Chad Johnson. Just days after being arrested for head-butting his wife, getting fired from his job as a wide receiver for the Miami Dolphins … [Read More...]

John_Cusack

Actor John Cusack Backs Eminent Domain Foreclosure Solution In Chicago

Imagine this, a responsible Hollywood celebrity who is on the proactive solution side of the nationwide foreclosure epidemic, rather than squandering millions and ending up in … [Read More...]

MJ_golf_course

Michael Jordan’s Attack Athletics Investment In Chicago Facing Foreclosure

There are scores of professional athletes, past and present, who have squandered millions of dollars in bad investments. At this point and alarming rate, the unofficial tally … [Read More...]

Foreclosure Deals

WarrenBuffett

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 [...]

House

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, [...]