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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
