The San Fernando Valley property of ex football player Terrell Owens may face foreclosure if he can’t sell the home within the 90-day time period, according to an article from Realty News. Reports said Owens failed to pay $905,417.06 in mortgages for his 4,250 square-foot Sherman Oaks home. The 41-year-old football superstar listed the property...

According to recent data released by CoreLogic, many high end homes are undergoing foreclosure procedures even as the overall foreclosure rate continues to improve, The Wall Street Journal stated on March 5. Though overall foreclosure rates at the end of 2014 reduced by 1.4 percent, luxury homes with mortgages of $750,000 or higher have increased...

Singer Maxine Jones’ may lose her Virginia home to foreclosure after a federal judge allowed her bank to start the procedure, The St. Louis American stated on February 4. The 53-year-old En Vogue ex member reportedly has a debt of $212,000 on her residential property in Virginia. The looming foreclosure came after Jones defaulted on...

Fox News shared some tips on January 23 offering advice on how to spring back from a foreclosure experience. • After a foreclosure, borrowers should fix their credit by continuously using their credit and make it a point to pay on time. Lenders may grant loans to borrowers who work to build a continuous and reputable credit history....

Well-known hip hop artist and music producer Jermaine Dupri failed to pay his mortgage, resulting in foreclosure proceedings, a December 11 article by WSB-TV 2 stated. Reports said the Atlanta native musician defaulted $2.5 million on his 9,441 sq/ft mansion in Fulton County. Though Dupri, 42, tried his best to prevent his mansion from being foreclosed,...

National Mortgage Professional reported on November 13 that U.S. foreclosure activity grew by 15 percent in October. Recent data supplied by RealtyTrac showed that a total of 123,109 homes in the U.S. were in different stages of foreclosure in October, making it the highest monthly recorded since early 2010. Repossessed homes increased by 22 percent...

An October 19 article by the Chicago Defender stated that rap artist and actor DMX paid $250,000 to prevent his Mount Kisco, New York family home from being foreclosed on. The 43-year-old rapper reportedly was sued by Compass Bank last year for failing to settle a mortgage loan worth $500,000 that he borrowed in 2004. The...

A recent report released by RealtyTrac said that nationwide foreclosure activity was the lowest since the U.S. was plagued by the foreclosure crisis, an article by the World Property Channel stated on July 17. Last June, there were 613,874 homes recorded in the U.S. in different stages of foreclosure procedures. The recent data was reportedly lower by...

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