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DMX’s NY home faces foreclosure


DMX's financial troubles continue to develop. After filing for bankruptcy in 2013, he is now facing foreclosure for his $1 million New York property. Reports indicate that the rapper is blaming his wife for the property complications. The couple apparently agreed that Tashera, DMX's wife, would handle payments for the Mount Kisco property. DMX moved [...]

DMX’s NY home faces foreclosure2014-02-27T18:56:33+00:00

U.S. properties entering foreclosure decrease in January 2014


An 18 percent decline in the number of U.S. properties that filed for foreclosure in January 2014 as compared with January 2013 was observed by RealtyTrac, as reported by the Wall Street Journal on Thursday, February 13. However, an 8 percent increase of U.S. homes reportedly in different stages of the foreclosure process was also reported. [...]

U.S. properties entering foreclosure decrease in January 20142014-02-23T16:47:01+00:00

Former Baywatch star files for bankruptcy


Ex-Baywatch actress Nicole Eggert recently filed for Chapter 13 bankruptcy to prevent her house from being foreclosed. In the Chapter 13 bankruptcy petition, Eggert proposed a 3 year plan to settle her mortgage and creditor payments. According to the filing, Eggert has a current liability of $807,115 and claimed to pay monthly expenses of more than [...]

Former Baywatch star files for bankruptcy2014-02-06T18:34:46+00:00

Foreclosed rates in U.S. continue to drop


Real estate professionals noted that the dropping foreclosure rates in the United States indicate improving economic stability. According to reports, 462,970 U.S. homes underwent foreclosure in 2013, which is a 31% decrease compared to 2012. Homes that complete foreclosure continue to decrease annually in 38 states. RealtyTrac vice president Daren Blomquist expressed optimism that the [...]

Foreclosed rates in U.S. continue to drop2014-01-20T19:53:39+00:00

Country singer files for bankruptcy


Country singer Eddie Montgomery, of the Montgomery Gentry duo, recently filed for Chapter 7 bankruptcy. According to the filing, Montgomery had $13.4 million in liabilities and only $1.9 million in assets. Montgomery's financial troubles stem from his failed Harrodsburg restaurant. Additionally, his finances were hurt by his recent divorce from Tracy Nunan. Montgomery's attorney confirmed [...]

Country singer files for bankruptcy2014-01-07T20:00:58+00:00

Foreclosure rates in the U.S. at a record low


A real estate firm commented on a recent trend in a nationwide decline in foreclosure activity. According to recent data, this year’s foreclosure crisis is was the lowest that it has been in eight years. RealtyTrac, a estate research company, mentioned that the foreclosure activity in November had fallen 37 percent compared to last year. [...]

Foreclosure rates in the U.S. at a record low2013-12-18T15:33:48+00:00

Former teen sensation Aaron Carter files for bankruptcy


Aaron Carter, a famous teen singer, recently filed for bankruptcy due to an accumulated a debt of more than $2 million, an article from CNN stated on Friday, November 22. Carter, who stated in his bankruptcy petition that he is already broke, owed a debt of $1.3 million to the Internal Revenue Service, which accrued [...]

Former teen sensation Aaron Carter files for bankruptcy2013-12-01T17:15:02+00:00

Rapper DMX’s bankruptcy case thrown out


A federal judge threw out the bankruptcy case of rap artist DMX on Friday, November 8 after he was cited for being non-compliant throughout the legal process. Bankruptcy Court Judge Robert Drain dismissed his petition for Chapter 11. The 42-year-old rapper, whose real name is Earl Simmons, is set to lose his personal properties after he [...]

Rapper DMX’s bankruptcy case thrown out2013-11-17T22:34:18+00:00

Simon Webbe of “Blue” files for bankruptcy


Simon Webbe is the second member of the British R&B music group "Blue" to declare bankruptcy this year. Although he filed for bankruptcy at London's High Court last September, the news was just recently revealed to the public. Webbe said that recent financial problems have prompted him to finally declare bankruptcy. Before Webbe declared bankruptcy, his [...]

Simon Webbe of “Blue” files for bankruptcy2013-11-05T21:13:32+00:00

Former adult star’s mansion lost to foreclosure


The mansion of former porn star Jenna Jameson in Hollywood Hills was recently lost to foreclosure after she failed to pay her mortgage, according to a report published on October 20. The 3,958 square foot, three-bedroom mansion is now being auctioned for $1.8 million. Last February, Jenna was notified of her almost 57,000 dollar debt. [...]

Former adult star’s mansion lost to foreclosure2013-11-04T21:30:51+00:00

Settlement fund to aid homeowners used for non-housing projects


At least half of the $2.5 billion mortgage settlement fund that is supposed to aid ailing homeowners is being used to cover other state-related projects, an article published by USA Today on October 8 stated. According to the list of the National Conference of State Legislatures, most states who received the mortgage settlement fund allotted [...]

Settlement fund to aid homeowners used for non-housing projects2013-10-17T19:39:59+00:00

Rapper “Young Buck” exits bankruptcy


The financial woes of American rapper and actor “Young Buck” have been cleared after he recently got out of bankruptcy, according to a report on September 19. Some of the 32 year-old rapper's creditors will not be paid back; 50 cent, for example, will not receive the $117,000 he is owed, according to legal papers. [...]

Rapper “Young Buck” exits bankruptcy2013-10-01T20:25:32+00:00

Condo of former NBA star may be lost to foreclosure


A NYC property of former NBA star Stephon Marbury is being threatened with foreclosure due to an unsettled debt from 2010, a report published on Wednesday, September 18. The two-bedroom and two-bath condominium of Stephon Marbury might be repossessed by the U.S. Bank International due to an accumulated debt of $844,035. Marbury has not made [...]

Condo of former NBA star may be lost to foreclosure2013-09-25T18:45:44+00:00

Home of ex-NFL star to be sold in foreclosure


As part of foreclosure proceedings, the house of ex-NFL star O.J. Simpson will be sold this coming October, an August 27 report said. In the court documents, the 4,233 square-foot house of Simpson near Miami owed principal and interest worth more than $796,000 and unsettled property tax and insurance premiums that cost more than $80,000. [...]

Home of ex-NFL star to be sold in foreclosure2013-09-06T18:29:13+00:00

Mortgage closing costs rising, according to survey


The costs of closing a mortgage were observed to increase due to high interest rates, according to a recent article published by USA Today. In a survey conducted last June by Bankrate.com, origination fees increased by 8 percent while other fees were observed to increase by 1 percent. According to one industry insider, lenders were [...]

Mortgage closing costs rising, according to survey2013-08-14T21:37:19+00:00
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