Michigan State Senator, Tupac Hunter, Faces Foreclosure
We hear about the average person to celebrities facing foreclosure troubles. Well, politicians are not immune to the current housing crisis. Tupac Hunter, the Michigan State Senator, is being confronted by foreclosure on a home he purchased over a decade ago.
This minority leader and five-year Senate Chamber veteran has exhausted his options. In attempt to sell or rent the home, he has come up empty handed. Surrounding this Detroit home are a large number of burnt down and abandon homes.
Hunter did have a renter for a short period of time. He received $800 a month on the $80,000 mortgage he took out in 1999. The renter decided to save money and purchase another home across the street.
American Idol Fantasia Barrino Avoiding Foreclosure
Fantasia Barrino, the talented American Idol star, is attempting to tuck away her financial troubles the right way. In 2009, she almost lost her North Carolina home to a foreclosure.
Recently, she listed the home for $800,000, which is almost $500,000 under what she paid. This 5-bedroom mansion with 38,768 sq ft was nearly lost in an auction when she supposedly defaulted on $58,000. She saved the home from the auction in eleventh-hour.
NY Jets Antonio Cromartie in Foreclosure
Antonio Cromartie, the NY Jets corner back, has been notified about a potential foreclosure on the home he bought his momma. He became a multi-millionaire in 2006, which is when he purchased this 864-sqft Tallahassee property.
He is being sued for $105,381, which is the amount the bank allegedly says he owes on missed payments. He bought the property for $135,000 at 9.7% interest rate.
The lender says he stopped making payments in 2010 and they are asking for the keys, the mortgage and interest on what he owes.
Last year, Cromartie signed a four-year contract with the NY Jets for $32 million. With the foreclosure, ten children, two more on the way and baby mommas, he might need to negotiate for more money.
Wrestler Scott Hall “Razor Ramon” Being Threatened in Foreclosure
Scott Hall, known in the mid 90s as Razor Ramon, who performed for Vince McMahon’s Word Wrestling Entertainment is in some trouble lately. Not only was he arrested for beating up his girlfriend, he now owes $75,000 on a mortgage that is going in default.
The home is currently vacant and the lender is asking him to pay the balance. If he does not, they are threatening to file a foreclosure suit against the former legendary wrestler.
Terrell Owens Fights Foreclosure for Miami Home
Terrell Owens, a wide receiver, who is well known for his flashy touchdown celebrations has calmed down with the recent foreclosure news. The former NFL star has a Miami Beach condominium, which he allegedly owes over a million dollars.
The lawsuit mortgage documentation says he took out a loan for $1.55 millions in 2006. His monthly payments were $5,126. He faithfully made payments until November.
In December, Owens was in the news for owing $1.47 million on a property in Dallas. The bank claims he has not made a payment in over six months. All other properties he was forced to sell by the banks to avoid foreclosures.
