Bank Sells Jennifer Lopez & Marc Anthony’s Miami Condo
In May 2010, a major bank seized 1,276 condominiums in Miami at the Icon Brickell. Recently discovered, one of those condominiums were Jennifer Lopez and & Marc Anthony’s. The condominium had a deed-in-lieu filed on it.
The original agreement with the developers and the former celebrity couple was a rent to own deal. They received an attractive lease option with a purchase price of $1,700,000 on or before October 2013.
In early 2010, the bank left their condominium until the very end to sell. An anonymous investor bought the condominium last week for $1,500,000 and assumed their lease option.
Tracy Morgan’s mother in foreclosure with no help
Many of us recently read about ’30 Rock’ star Tracy Morgan, who captured headlines for an episode at the Sundance Film Festival that required an emergency trip to the hospital. Morgan is once again buzzing in the news this week, but it’s not because of his health, but rather the financial hardship of his mother, Alicia Warden.
Mama Morgan claims her son will not rescue her from foreclosure. She lost her job a year ago, and her health has been on a decline, too. His sister, Asia Morgan, said the mother has diabetes and her legs are starting to give out.
Warden owes less than $25,000 on the Youngstown, Ohio, home. She attempted to contact her son for help, and his employee called to offer a $2,000 “one-shot deal.” Meanwhile, if she fails to make a payment by February 23, 2012, the foreclosure process will proceed.
Tracy claims he has been estranged from his mother for 11 years. There has been an occasional phone call, but he has not seen her in that time. As for his sister, he reports there has been little or no contact with her, either.
Asia Morgan said her brother has never been a nice person, and his money just made it worse.
Ouch.
OJ Simpson Miami Home in Foreclosure
O.J. Simpson, best known for his NFL history and murder trial for his wife and her friend, is back in the news. Simpson’s Kendall home has just gone into foreclosure.
According the Miami-Dade Circuit Court records the home is valued at $478,000. He purchased the property in 2000 for $575,000. The property includes four bedrooms and four bathrooms.
Simpson’s attorney requested the courts to dismiss the case. There are no reports on the response of the courts yet.
Currently, Simpson is in a Nevada prison serving nine to 33 years for the conviction of a kidnapping and connection with an armed robbery.
Homeowner Association Files Lien Against Vanilla Ice
Vanilla Ice, the one-hit wonder and real estate mogul, has upset his Wellington, Fla neighborhood. Last week, in Palm Beach County Circuit Courts, the homeowner’s association claims Robert Van Winkle owes them almost $14,000. A lien was filed against Van Winkle by the association in May when he owed $2,800.
During that same month of the lien, Van Winkle transferred the ownership of the mansion to Van-Rap Ltd. According to reports, Van Winkle is now claiming he is not linked to this house in anyway.
Chris Tucker Gets Rid of Two Florida Homes
Stuck in a financial hole, Chris Tucker decides to get rid of two homes in Florida that he owns.
The first property was an 8,861 sq-ft, 5-bedroom waterfront home in Lake County. This home sold for $2 million after the bank accepted the bid in a short sale. Reports say he owed $4.4 million. The property was originally purchased for $6 million.
The second property sold for $1.05 million. He was asking for $1.5 million. According to records, Tucker still owes Uncle Sam $11.5 million in back taxes.
Luckily, a new Friday movie is on its way with Tucker in the cast.
