Finally some good news for T.O.! After a failed public spectacle to impress scouts and a slew of bad PR over money troubles & baby-mama drama, Terrell Owens at last got a break. His Dallas condo narrowly escapes foreclosure. He bought it for $1.95M and sold it to a lucky shortsale buyer for $1.6M. 

You're probably wondering, "Herman, what the heck do you know about baseball!?"  and you are right. I don't know buttons from beans about sports  (except rythmic gymnastics & synchronchized swimming). But Terrell used to live in my hometown Fremont. I was at his house once for a Nike photoshoot. Despite the rumors that he was a diva, he was actually a nice guy. 

Good luck, TO! 

Zillow summarizes the real estate woes of the Real Housewives of (fill in the blank). I'm a total fan of these zany women who live larger than life (and larger than what their husbands can afford), but even stardom can't insulate these entertaining catty women from the housing crisis.

What is more shocking to me is high number of real estate agents on the show who've been hit. There's Playboy Playmate Jeana Keough who had notices of defaults filed on 3 of her 4 properties! And then Tamra Barney who shortsaled her own house after slashing her house 30%.  Lisa Wu Hartnell of Atlanta lost her $2.9M house to the bank for a mere $1.9M.  All of them are agents!

One  real estate agent housewife they didn't mention was Gretchen Rossi of Orange County. (Fun fact: Gretchen, Slade & I were classmates during a weekend workshop. They actually were really nice.)

Just goes to show that even if you are an agent (much less a reality TV starlet), it doesn't mean you're impervious to the real estate mess.  The problem with  "Keeping up with the Jones" mentality is that  there will always be someone richer & prettier than you.  It's a never ending  self-inflicted psychological game. Be grateful for what you have & live within your means.

See how your favorite housewives dealt with what so many other Americans are going thru here. Good luck ladies! I feel ya.

*Foreclosure via Facebook. Banks now serving papers thru social media. Just another reason to increase your privacy settings! [via Time.com]

*Subprime lending roars back with a vengence! Is history doomed to repeat itself? [via HuffPost]

*Contrary to popular reports from Perez Hilton to Huffington Post, Carnie Wilson of 90's pop trio  Wilson Phillip's fame (and recently featured in Bridesmaids) is not in foreclosure. She says  "My house is not in foreclosure. My house is in a short sale." OK, she's not in foreclosure. She's in pre-foreclosure. [via Zap2it]

Have you gotten a great deal thru a shortsale? or was it a lot of waiting around for nothing?