Fantasia Loses Her House to the Bank
It’s long been said in the music industry that with “mo money” there are “mo problems.” Fantasia’s life is a living testament to this undeniable truth. TMZ is reporting that the singer’s home was in foreclosure proceedings, leading her to make plans to sell the house. She tried selling, but couldn’t get the market value [...]
Allen Iverson’s Home on Market for Half Its Purchase Price
NBA All-Star Allen Iverson’s Buckhead home that he lost in foreclosure is on the market for $2.7 million. The list price is a big drop from a purchase price of $4.5 million in 2010. The property – at 675 West Paces Ferry Road – is in a gated community. The six-bedroom home was built in [...]
R. Kelly’s Chicago Home Sold Off In Foreclosure For $950K
R. Kelly is finally free of his troubled Olympia Fields mansion (outside of Chicago, IL), which had been facing foreclosure for a few years. Fox News reports that the 11,140 sq. ft. mansion was sold off to J.P. Morgan Chase for $950K (they already held the mortgage). Once a judge approves the deal, the bank will [...]
Allen Iverson Fights to Save Atlanta Mansion from Foreclosure
Former NBA star Allen Iverson has really been strapped for cash over the past few years. His monthly income is over $62,,000/month; however, the 11-time All Star baller reportedly racks up over $350,000/month in expenses ranging from entertainment to utility bills. Iverson recently made headlines when celebrity gossip site TMZ learned that his $4.5 million [...]
Toni Braxton’s Trying To Sell 6-Bedroom Home To Avoid Forclosure
Toni Braxton is putting her $1.1 million (11,400 square-foot) home up for sale before it gets lost to foreclosure, according to TMZ. She purchased the Duluth, Ga. crib (below) in 2004 for $1.5 million, but she missed at least 10 months of payments between 2004 and 2010. She filed bankruptcy in efforts to try to [...]
Jermaine Dupri Almost Loses Mansion to Foreclosure
Jermaine Dupri still has a mansion in Atlanta for the mean time. Dupri was able to save his home from foreclosure just as it was being auctioned off. The rapper and music producer is reported to have had trouble paying his mortgage and piled up over $193,000 in mortgage debt. The Atlanta mansion was scheduled [...]
Chad Johnson is About to be Homeless
Isn’t it strange that we’re all talking about Chad Johnson this week? You have to wonder if all of his business would be out in the street if he hadn’t been fighting with his wife. Really, we don’t even know what happened, but everyone is talking about Chad. First, Chad lost his job with the [...]
Go Head Girl! Mom Spends 10 Years in Prison, then Builds Multi-Million Dollar Empire
Wahida Clark made her money and found her success the hard way. As a wife and mother, she ended up going to prison for money laundering and mail fraud. RollingOut.com tells the story of how Wahida had to leave her daughters for 91/2 years to go to federal prison, along with her husband. Relatives [...]
Check your mail: A mortgage discount may be inside [VIDEO]
![Check your mail: A mortgage discount may be inside [VIDEO]](http://blacklikemoi.com/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fblacklikemoi.com%2Fwp-content%2Fuploads%2F2012%2F05%2FBank-Of-America-150x150.jpg&q=90&w=160&h=106&zc=1 "Check your mail: A mortgage discount may be inside [VIDEO]")
Hundreds of thousands of homeowners may finally get a REAL shot at a mortgage modification. That’s right, a REAL shot. Bank of America is allowing 200,000 homeowners to cut their mortgage principal — that goes straight to the heart of what is probably your biggest debt. It means some could end up owing up to [...]
Keith Sweat’s Foreclosure Drama
Veteran R&B star Keith Sweat has been ordered to hand over $250,000 in his ongoing foreclosure battle over his home in Detroit, Michigan. The singer’s mansion in the city was repossessed after he allegedly defaulted on his mortgage, but the property only sold for around half of its original value when it was put on [...]
194-Yr Old Historic Black Church Faces Foreclosure
Scandal-plagued Hub bank OneUnited has begun foreclosure proceedings against Roxbury’s historic Charles Street African Methodist Episcopal Church, one of Boston’s oldest and most-respected black churches, the Herald has learned. OneUnited, the nation’s largest black-owned bank — which got millions in federal bailout money — is threatening to auction off the church March 22 to cover [...]
The Bitter Battle Between Tracy Morgan and His Mother
A bitter war of words has broken out between 30 Rock star Tracy Morgan and his estranged mother. Alicia Warden has hit out at her son for failing to stump up the cash to help her make mortgage repayments on her Ohio home. The 61-year-old faces – who owes $25,000 – faces foreclosure [...]
Detroit Couple Who Fought Eviction, Allowed To Buy Back Home
A Detroit husband and wife who have spent months worrying that they might be evicted from their home of 22 years received word on Tuesday morning and learned they will be able to stay. William and Bertha Garrett, who have lived on Pierson Street in Detroit for more than two decades, have been [...]
Tracy Morgan’s Mother About to Lose Her House, He Won’t Help
Tracy Morgan ’s mother is about to lose her house — and she says her multimillionaire son won’t help her. Alicia Warden, who lives in northeast Ohio (and spoke on the condition we not reveal the exact location), says she owes less than $25,000 on her home, but the most the “30 Rock” star [...]
Obama To Extend and Expand The Foreclosure Program
The Obama administration said Friday that will expand its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes. The Home Affordable Modification Program will also be extended through 2013. The government will triple the financial incentives for private lenders to reduce the principal amount of mortgages for [...]