After nearly a decade of non-payment, Jim Jones' New Jersey mansion was foreclosed on. The bank purchased it for just $100.
Who didn't see this coming?
Rodney P. Hunt made a name for himself by becoming one of the most successful black-owned government contractors in the country. And he wasn’t shy about it; he let everyone know about his success, talking up the lavish $23.1 million mansion that owned on the riverfront in McLean, VA. We say “owned” because the house […]
A promising lead about the whereabouts of Phoenix Coldon turned out to be a cruel hoax, causing the missing Missouri woman's family additional pain, their entire life savings and their home.
(AJC) — Lenders foreclosed on nearly 99,000 properties in eight metro Atlanta counties through November of this year, a toxic tidal wave swamping home values in a region that went from ceaseless boom to endless gloom in a few years. A crash in housing led the nation into the Great Recession, and a recovery in […]
(AP) — The Obama administration’s central foreclosure-prevention effort won’t reach its original goals and the government should come up with clear, measurable objectives for the two-year-old program, according to a new report from a congressional watchdog. Because the Treasury Department has failed to properly analyze the program it runs, it is nearly impossible for overseers […]
By Brittany Hutson It looks like Wall Street’s up to their dirty tricks again. This time, they are devising new ways to prey on distressed homeowners. According to the Center for Public Integrity, financial institutions, including those who received federal bailout money, are bundling small tax debts into private investments, leaving homeowners in debt and, […]
(AllHipHop) — Black Eyed Peas’ frontman will.I.am has launched a new business aimed at helping people who are losing their homes or are facing foreclosure due to the sagging American economy. The superstar rapper/producer told The Sun that he has launched the i.am.home Mortgage Relief Program, which also helps to find jobs for those in unemployed. “I rescue families […]
From Toni to Michael, these artists demonstrate financial mismanagement.
For the two weeks surrounding Christmas some lenders are halting evictions.
(AJC) — Housing advocates, policy makers and developers troubled by metro Atlanta’s foreclosure crisis kicked off a regional initiative Tuesday to curb one of the plagues of the region’s economy. The ambitious project, dubbed Piece By Piece, a Regional Foreclosure Initiative, was short on specific policy fixes to metro Atlanta’s housing ills, but long on […]
(The Network Journal) — If you’ve been through a foreclosure, you may wonder if there is hope for you to become a homeowner again. Yes, but it will take awhile. “It doesn’t mean you’ll never be a homeowner again,” said Linda Davis-Demas, director of housing at Consumer Credit Counseling Service of Greater Dallas. But you’ll […]