 | Jenna Jameson (aka Queen of Porn) whose company ClubJenna generated over $30 million in revenue alone in 2005 just lost her Hollywood Hills home to foreclosure. She got it for $2.7M in 2006 & it was just auctioned for $1.85M. How does that happen to such a successful businesswoman?!  |
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First, Sheree was axed from Bravo TV's Real Housewives of Atlanta, and now her mansion is now the chopping block. Currently, it is a shortsale but it's about to head to foreclosure...for circa $340k. (Ironic, since she dubbed it Sheree's Chateau and alledged it was a multi-million dollar home at one pt). All the sordid deets here. You know, I feel bad for her. I'll buy some charm bracelet from her jewelry line "She by Sheree." That will help her out. :-)
According to our Miami gossip sources, cosmetic dentist Karent Sierra is dealing with not just one but TWO foreclosures. What a toothache! Somebody pass her some novacaine!
 Richard Burton from HBO's The Wire is in hot water. Not literally, but figuratively! He refused to pay $1k in water bills b/c he suspects it is too high. Well, now a lien has been placed on his Baltimore home & he faces foreclosure. What!? $1k must be a drop in the bucket for a star like him, right?!
"Huffington Post Live" kicks off its Video Broadcast format. I think it's cool & hip, where talking heads are beamed in through their webcams, Google+ hangouts, skype. It's very now! (Who needs a TV studio anymore!) But what is interesting to me is that they launched HuffPost Live with a very specific real estate topic of all things (and of all people actor John Cusack?) called eminent domain. Clearly, housing is a hot subject! They are just getting started but I think the medium of live blogging is supposed to be more engaging. I don't think their discussion was very balanced. They should have taken some questions from tweets and viewers too. Oh, and a strong opposing point of view would have been nice too! FULL DISCLOSURE: I am a contributor to Huffington Post
 Rapper Common is past due on the $345k he owes Bank of America on his Chicago apartment. BofA is fixin' to foreclose on him and his manager Derek who are both on the loan. Rappers facing foreclosure isn't anything new...but now why would a rapper buy a place with another dude? Hmmm, kinda suspect!
Foreclosures surge for old Americans, reports the NY Times! "Foreclosures create unique challenges for older people...They are less able to find new jobs and more vulnerable to becoming homeless." This is horrible! Brings new meaning to "I've fallen, and I can't get up! "
 LA Times spotlights 4 people who are digging themselves out of debt! And of course the 1st couple they profile are 2 ex-successful realtors from the boom years. This is a common story I hear from agents. They were living the high life, wining & dining 24/7, dressed to the nines, over leveraging themselves..& wound up $680k in debt. Read how Southern California agents Dan & Cheree Griffith got out of this doozy. Great lesson! Less is more.
 *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]  These buyers in Naples paid all cash for their house, but the clowns at Bank of America tried to foreclosure on them anyways. Even though the courts decided Bank of America was in the wrong, BofA still wouldn't pay the buyers' attorney fees (a measily $2534). So buyers brought in lawyer, moving trucks and armed deputies to try and foreclose on the local BofA branch! (More details here at AG Beat.) Hooray for those buyers! And shame on Bank of America! Tsk Tsk! Well at least the owners didn't try to bulldoze their own house like this guy from last year. Remember this webcast? Do you think those greedy banks are going to unleash all the foreclosures they are sitting on? Think again!
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