Jack White saves hometown Detroit Theater from Foreclosure
In recent news, Detroit Masonic Temple was up for foreclosure. However, Jack White who plays for the band White Stripes holds this place dear to his heart. With that said, White stepped in and paid $142,000 in back taxes. With this heroic play, White single-handedly saved the venue from foreclosure.
Now that Detroit Masonic Temple is in the clear, it has a bright future. In fact, the venue is renaming one of the theaters to Jack White Theater that houses 1,568 seats. With White saving his hometown theater, what will be next for the charitable musician?
This photo is courtesy of Bill Ebbesen via Wikimedia Commons at en.wikipedia and it is licensed under the Creative Commons Attribution 2.0 Generic license.
American Idol Fantasia Barrino lost foreclosure fight
About a year ago, we talked about Fantasia Barrino fighting to keep her North Carolina home out from foreclosure. It seems that the “American Idol” winner has lost the real estate battle. According to court documents (via TMZ), she avoided the entire foreclosure process because she transferred the deed to the bank in February.
Barrino gave up the fight on her home and left behind the 6,500 square-foot North Carolina mansion. She reportedly purchased the property for $1.3 million back in 2007. However, her financial problems began in 2008. This was when she supposedly defaulted on a $58,000 loan from Broward Energy Management.
This was what triggered the house to go on the market for $800,000 last April.
This photo is courtesy of Jyle Dupuis via Wikimedia Commons at en.wikipedia and it is licensed under the Creative Commons Attribution 2.0 Generic license.
R. Kelly’s Chicago Home Sold at Foreclosure
R. Kelly’s Chicago home has finally sold. However, the sale was more than a $4 million loss. The property includes 11,140 sq. ft. with six full baths, seven half-baths and a four-car garage. It was valued for over $5 million. At the foreclosure auction, the new homeowner purchased it for $950,000.
According to reports, R. Kelly owed over $3 million dollars on the home.
This photo is courtesy of Allgamenab via Wikimedia Commons at en.wikipedia and it is licensed under the Creative Commons Attribution 2.0 Generic license.
Former NBA Player Robert Swift Refuses to Leave Foreclosed Home
Robert Swift, a former NBA star, was drafted in 2004 right out of high school. His NBA career was short and so are his living arrangements. His Seattle home has been foreclosed on, and Swift is refusing to leave. Swift is not taking care of the home well either.
The outside of the property is not maintained, and surrounded by trash (beer and Four Loco cans galore). There are buckets of water sitting with trash inside of it. The cars in the driveway seem to not have moved in a very long time.
If Swift is not out of the home by the end of February, he will be evicted by the sheriff’s office.
This photo is courtesy of STB-1 via Wikimedia Commons at en.wikipedia and it is licensed under the Creative Commons Attribution 2.0 Generic license.
Former Kiss Guitarist Ace Frehley in Foreclosure
Former KISS guitarist, Ace Frehley, is in foreclosure on his Westchester home. He has not paid his mortgage for two-years. It has been reported that he owes over $700,000 on the $735,000 three-bedroom, three-bathroom home. He purchased the 2,441 square foot residence on Feb. 15, 2006.
However, the bad news does not stop there. Frehley also owes almost $20,000 in back property taxes. This ‘Spaceman’ better get some quick cash or KISS that home goodbye.
This photo is courtesy of Toglenn Uploaded by MyCanon via Wikimedia Commons at en.wikipedia and it is licensed under the Creative Commons Attribution 2.0 Generic license.
