Actress Teri Polo seeks bankruptcy protection


American actress Teri Polo recently filed for bankruptcy, an article in the Huffington Post reported on April 23. In the Chapter 11 claim filed by the 44-year-old actress on April 14, she owed the IRS an estimated $745,000. Aside from her overwhelming credit card debt, Polo also had unsettled debts to the California Franchise Tax [...]

Actress Teri Polo seeks bankruptcy protection2014-04-25T17:46:35+00:00

U.S. quarterly foreclosure hit all-time low since 2007


Due to continuous economic recovery, in March the housing market observed an all-time low in foreclosure rates since 2007. Data from RealtyTrac indicates that nationwide foreclosure activity plunged by 23% in the first quarter, which is the lowest recording since 2007. Reports said, at least 117,485 homes in the U.S. have default notices, are being acquired [...]

U.S. quarterly foreclosure hit all-time low since 20072014-04-16T16:07:27+00:00

Payday loans may actually trap people in debt


A recent report by the U.S. Consumer Financial Protection Bureau said that most people who depend on payday loans tend to end up paying more than they borrowed initially, because of the loans' high interest rates. Richard Cordray, director of the Consumer Financial Protection Bureau, mentioned that payday loans can become "debt traps" for the people [...]

Payday loans may actually trap people in debt2014-04-03T17:45:17+00:00

Nationwide foreclosure rate in February marks the lowest since 2006


Recent information from RealtyTrac said that nationwide the number of homeowners who entered foreclosure proceedings last February marked the lowest since 2006, an article by Forbes stated on March 13. The real estate firm recorded at least 51,842 homes last month that have started the foreclosure process, which is much lower compared to January. Meanwhile, [...]

Nationwide foreclosure rate in February marks the lowest since 20062014-03-19T21:43:15+00:00

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
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