The parents of Ryan Lochte, the Olympic swimming star, just took a nosedive into the foreclosure crisis. About two years ago, Steven and Ileana Lochte stopped paying their mortgage on the Port Orange, Fla. home. Even with the millions of dollars the Olympic star made in endorsements, he decided to not help his parents. At this point, the home has not been listed on the market yet.
According to reports, the Lochtes borrowed $258,000 in 2007 for the home. They still owe about $242,000 on the foreclosed property.
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It seems that Nadya Suleman, also notoriously known as Octomom, is back in the news for her housing issues. Currently, Suleman and her 14 children are renting a place in Orange County, Calif. Lana El-Jor is the landlord, and she is fed up with the family of 15. In fact, she wants them out by Christmas.
El-Jor told E! News that, “I have had problems refinancing the bilding myself because of her.” This was one of the reasons the landlord wants them out. The bank was refusing to support the loan because the Suleman family has left the property looking abused.
The home has visible broken windows that can be seen from the street. It gives the impression that the five-bedroom, three-bathroom house is in poor condition. El-Jor claimed that the family is living cramped in the home. A family of this size needs larger quarters and backyard.
Where will Octomom and her 14 children head to next?
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Plaxico Burress’ life changed in 2008. He was convicted with two counts of criminal possession of a weapon. Moving forward to 2011, his fate changed. He was released from prison and able to save his Lighthouse Point, Fla. home from foreclosure. Now, the once well-paid rising NFL star is about to lose millions on the waterfront mansion.
In September 2005, he purchased the home for $3.995 million. The Broward County home was listed for $3.1 million, but an offer as little as $1.565 has come in. Regardless of the listing, Burress was able to hold on to the property a little longer. The home was just relisted for $2.3 million short sale.
The Fort Lauderdale Venetian-style home has five-bedrooms, marble flooring and a stained-glass dome in the entryway. Some of the luxuries of the mansion include a sun deck in the master suite, a media room, an office and elevator.
Jenna Jameson, the adult star and “heart breaker,” just lost her Hollywood Hills mansion. She defaulted on the mortgage after the home had water damage. She decided to not fix the property because she said it was not worth the expense. Before the water damage, she did unsuccessfully try to sell the home.
Jameson listed the home for $1.899 million. That is nearly a million dollars less than what she paid for it in 2006. After no one was interested, the home headed into foreclosure. She stopped paying on the mansion, and defaulted on her mortgage payments by $56,918. In June 2013, the final judgment against her was for $2,027,816.
The home just sold at a foreclosure auction for $1.8 million.
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Daunte Culpepper, the 2006 quarterback for the Miami Dolphins lost his almost 10,000 square foot home to the bank due to foreclosure. About 10 years ago, Culpepper signed a 10-year deal with the Minnesota Vikings worth over $100 million. Culpepper was then signed to the Miami Dolphins in 2006 after obtaining a knee injury with the Raiders from the prior year. Culpepper bought the property for around $3.6 million after the Miami Dolphins signed him.
Daunte Culpepper struggled from his past knee injury and only played with the Dolphins for one year. This ultimately led to his foreclosure on his house. Culpepper does still have another house in Broward County that he is currently living in.
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