May 22, 2012

Real Housewives of Orange County Jeana Keough’s foreclosure rescue

Former Playboy Playmate (Nov. 1980) and original cast member of “The Real Housewives of Orange County,” Jeana Keough, has avoided foreclosure on her luxurious seven-bedroom, nine-bathroom home in the prestigious Coto de Caza community in southern California.

The Orange County Register reports that Keough was able to negotiate a loan modification with her lender, JPMorgan Chase & Co, on the $4 million “custom French country estate.”

However, she says it wasn’t easy:

“I am happy to report the system works! There is no foreclosure on my home anymore. After I was denied back in January, after working with Wamu/Chase for 6 months, they said I didn’t fit the program, I am a fighter so I called my friend Jason Cougenhour at HUD, our illustrious Congressman, and our Governor’s office, and found out that 75% of the people in loan mod’s weren’t getting accepted. That incensed me. I talked and wrote, harassed, gave speeches, encouraged people to write email blasts, used all of my Le Tip connections and last Monday the government changed the specifications. I am happy to say Chase has stopped foreclosure, and made my payments affordable, my work has picked up, and I have stopped efforts to sell my home at a greatly reduced discount. I plan to live here until I am ready to sell. I have been helping so many people save there homes, it is a difficult and frustrating process that I really wasn’t focusing on sales. With the possible sale of my house at auction, and the crazy people coming out of the woodwork to buy my 4.5 million dollar house for 1.3, you find out who your friends are. I am blessed, I have my health, my amazing children.”

Keough, 52, has admitted in recent interviews that she is wealthy thanks to a large real estate portfolio; however, she is “cash poor” because of the current real estate recession.

Now retired from the Bravo-produced reality television series that made her quasi-famous, Keough plans to get her real estate career back on track (she’s an agent) and “make dreams come true.”


Medical Bankruptcy

Consumer Debt Rose $21 Billion Last Month Thanks to Credit Card Use

The total amount of consumer credit circulating in the United States rose by more than $21 billion last month, raising concerns that more people … [Read More...]

ResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money

Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally … [Read More...]