Damon Dash foreclosure auction scheduled for Tribeca, N.Y., loft
Co-founder of Roc-A-Fella Records, Damon Dash, is about to lose his duplex loft, which is located in a Tribeca, N.Y., “power building,” according to Curbed.com.
Dash, who purchased the 5,200 sq. ft. “stunner” in “The Atalanta” building for $3.875 million in 2004, currently owes his lender nearly $9 million after a refinance in 2006. He stopped [...]
Superman Action Comics 1 rescues Boston family from foreclosure
Fictional superhero Superman came to the real-life rescue of one Boston, Mass., family who found themselves up against the dark forces of foreclosure.
To the tune of about $250,000.
MyFOXBoston.com reports that the family, which has chosen to remain anonymous, discovered the rare 1938 comic in a box stowed away in their basement since the 1950s.
In fact, [...]
Real Housewives of New Jersey: Teresa Giudice debt and bankruptcy leads to house auction
Easy come, easy go.
The big spending Teresa Giudice, who stars on “The Real Housewives of New Jersey” reality show, will be forced to auction off many of her worldly possessions as part of a bankruptcy filing, according to People.com.
Televisions, sofas, chairs, chandeliers, as well as a boat and jet ski — even a suit of [...]
Furniture from foreclosures for sale
One man’s junk is another man’s treasure.
William “Lucky” Douglas is proof, selling abandoned furniture and other household items left in the wake of Michigan foreclosures for rock-bottom prices at his “part-flea market, part-thrift shop, part-garage sale” shop called “Lucky & Nisan’s Unique Boutique.”
Foreclosure cleanout crews are often tasked with “taking out the garbage,” rekeying doors [...]
Foreclosure study reveals 27 percent average discount on bank-owned homes
It’s no secret that foreclosures often offer buyers and investors significant discounts on home purchases.
Today, the brainiacs at Massachusetts Institute of Technology (MIT) and Harvard proved it with 12 years of research, revealing that “foreclosure reduces the value of a house by an average of 27 percent.”
MIT economist and study author, Parag Pathak, was surprised [...]
How to calculate home repair costs and renovations
Whether you buy a flawless gem or a diamond in the rough, your new home is going to cost you extra after closing.
That amount, of course, depends on the condition of the home and your taste. Some improvements are often more practical than others, and in some cases, utterly essential.
Whatever the case may be, we [...]
Can my HOA foreclose on my home?
Yes, it can and will if you stop paying dues.
In fact, 34 states allow Homeowners Associations (HOAs) to foreclose on homes through judicial foreclosure in as few as 10 days (Florida). Of course, there are redemption periods — some as many as 180 days (Texas) — during which homeowners can bring their balances current and [...]
Wall Street reform bill passed, future foreclosure/mortgage meltdown averted?
Two years into one of the most alarming recessions in the history of the United States, the Senate today approved the Wall Street financial reform bill, according to the Los Angeles Times.
It’s a “bold” and “controversial” piece of legislation that aims to “prevent financial firms from gouging consumers on mortgages and other financial products.” [...]
Top 10 foreclosure cities/markets in the United States
Forbes has compiled a list of the riskiest cities for homeowners, which have the highest percentage of borrowers who are at least three months late on their mortgage payments.
Check it out:
Las Vegas, Nevada
Riverside, California
Stockton, California
Modesto, California
Bakersfield, California
Vallejo, California
Orlando, Florida
Memphis, Tennessee
Miami, Florida
Fresno, California
“Sin City” has the dubious distinction of topping this list; however, California has six [...]