Well, Whitney’s rep is denying the latest spate of rumors about the oft-troubled diva — that she’s so broke that she’s been asking friends for hand-outs and that her record label, Arista, had to advance her money against her next album. The reports are “totally false and ridiculous,” her rep said, and points out that Whitney just wrapped the movie “Sparkle,” a remake of the 1976 film with…
Well it looks like unemployed homeowners will be allowed to suspend or reduce mortgage payments for as long as a year under a new policy announced by mortgage finance firm Freddie Mac on Friday. The new rules take effect on Feb. 1. According to CBS, Freddie Mac will give mortgage servicers the authority to provide six months of forbearance to unemployed borrowers without prior approval, and the agency…
Former actor and American football player OJ Simpson is losing his house, after late fees, penalties, and overdue principal built up. But, according to court records, the bank’s process server tried to deliver the foreclosure notice at Simpson’s Miami home. Simpson, 64, has been imprisoned in a Nevada jail since 2008. According to Radar Online, JP Morgan Chase started the foreclosure process after Simpson accumulated hundreds of thousands…
An historic black church which was facing foreclose has been given a last-ditch reprieve from eviction. The Higher Ground Empowerment Center has been at the heart of the northwest Vine City neighborhood since 1903, one of Atlanta’s most under-resourced communities. HGEC’s Pastor Dexter Johnson says the church offers much-needed programs and services, including tutoring, food and clothes to the needy, in a community blighted by boarded up homes. Problems started…
There’s nothing crueler than hurting a child. The only exception might be hurting a man who still looks like he’s 10 years old. Emmanuel Lewis, who played Webster back in the 80s, has apparently run out of TV money. The banks in Georgia have done a Gary Coleman on the poor man, selling his house at auction for a measly $56,000 in September. According to documents filed in…
According to TMZ. His 2011 has included arrests for domestic violence and drug possession (on a night that included a massive car wreck) so it’s only fitting Gary Dourdan end the year with a foreclosure hanging over his head … this according to documents obtained by TMZ. According to docs filed back in September, Dourdan defaulted on his mortgage after he missed a payment due on July 1….
The Center for Responsible Lending released a study today that documents a trend in American foreclosures that is startling, yet not surprising. The study, “Lost Ground, 2011: Disparities in Mortgage Lending and Foreclosures,” co-authored with the Center for Community Capital at the University of North Carolina, Chapel Hill, presents data in support of the claim that African Americans and Latinos are “more than twice as likely to lose their home…