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Tag: Foreclosure

  • Mischa Barton’s Home In Foreclosure, Career In Decline

    Once a bright, young star on one of the hottest TV series of the 2000s, actor Mischa Barton has seen a big decline in her career. The 28-year-old former star of The O.C. is now facing impending foreclosure of her Beverly Hills villa, which she bought in 2005 at the height of her show’s fame. Barton purchased her home during the real estate bubble for $6.4 million, taking out a loan of $4.2 million to pay for it. However, according to property records obtained by Today and People, she is now more than five months and $100,000 behind on payments.

    Reportedly worth $8 million today, Barton’s Spanish-style home measures 7,607 square feet and has eight bedrooms, 11 bathrooms and a guest house measuring 3,000 square feet. Barton had supposedly been trying to sell the house but failed, now she has defaulted on her mortgage.

    Barton played the lead character Marissa Cooper on The O.C. but left in 2006 to pursue a film career, which did not pick up. She has since appeared on TV series The Beautiful Life: TBL and Law and Order: SVU, but earned a notorious reputation for her decadent social life, erratic behavior and drunk driving. In 2009, she was committed to involuntary psychiatric hold for passing out while under the influence of a sedative. She currently models for e-cigarette company VAPESTICK.

    People may think that she’d love to have the success of The O.C. back, but Barton said she probably would not do the show again if given the chance. “It’s something I came so close to not doing. I had a really great thing with film. People say, be grateful for what you have, but it certainly [was] not the kind of thing I was expecting it to be…I’ve kind of seen it all,” she said.

    Image via YouTube

  • Ace Frehley Home Destroyed By Fire

    Ace Frehley Home Destroyed By Fire

    Early on Saturday, New York firefighters were called out to a suburban home going up in flames. When the smoke cleared, it turned out that the heavily damaged property belonged to celebrity rocker, Ace Frehley.

    At about 11 AM, firefighters from multiple departments arrived on the scene after there had been a report of heavy smoke rising from the home.

    No one was at the residence at the time of the fire, and there no injuries related to the fire have been reported. Yorktown Heights Fire Chief Chet Swirski stated that there was a man living in the house. The individual was identified as the house’s caretaker. He returned to the property after the fire had been put out, and was reported to have been granted emergency lodging by the Red Cross.

    Frehley’s whereabouts during the fire are presently unknown. Though he is listed as the current owner, the rocker does not appear to have lived in the residence.

    Given the extent of the damage, it’s likely the repair costs and his current economic troubles mean that he will not be living there again anytime soon, if ever again.

    The cause of the fire is currently under investigation.

    Post by Yorktown Heights Volunteer FD.

    Ace Frehley, former lead guitarist for band KISS, had been scrambling to avoid having the property foreclosed. The U.S. Bank National Association filed for the surburban home’s foreclosure in February.

    In 2004 Jendell Productions, which had paid $650,000 for the property, transferred ownership to the 62-year-old guitarist. He was alleged to have owed more than $700,000 in mortgage fees, interest, taxes, and other expenses after having stop paying money in 2011. He was still working to avoid losing the home at the time of the fire.

    Image: Yorktown Heights Volunteer FD Facebook

  • Daunte Culpepper Loses Home In Foreclosure

    In March 2013, the South Florida Business Journal reported that former NFL quarterback, Daunte Culpepper, was facing foreclosure of his and his wife’s home, in Broward County, Florida.

    It was reported that the Sun Trust Bank filled a foreclosure lawsuit against Culpepper in February 2013, and the home was officially surrendered to the bank in April 2013. Culpepper purchased the home, in 2006, for 3.67 million dollars. It is located on Berkshire Court in Landmark Ranch Estates, and measures 9,867 square-feet.

    The 36 year old started out playing college football for the University of Central Florida. Other Florida colleges refused to recruit Culpepper, believing that he would not qualify to play, due to his low SAT scores. However, the University of Central Florida agreed to help him raise his scores so that he could play football as a part of their team. While playing quarterback for UCF, Culpepper broke almost all of the school’s quarterback records, many of which he still holds today.

    In 1999, Culpepper was drafted into the NFL by the Minnesota Vikings. He completed a 12-year career with the Vikings and reached three Pro Bowls during this time. After suffering a knee injury, while playing for the Vikings, Culpepper was traded to the Miami Dolphins in 2006, the same year he purchased his home. Upon being released from the Dolphins at the end of his first season, Culpepper played for the Oakland Raiders and then for the Detroit Lions. In 2010, he played for the United Football League’s Sacramento Lions.

  • Todd Talbot Will Auction $127,300 Arizona Home For A Penny

    Todd Talbot’s recently foreclosed home in Glendale, Arizona was appraised for $127,300 in 2010. Those were the days. Today, people are selling their homes anyway they can and using the latest technology to do so. There are people selling their homes using social media platforms including Twitter and Facebook.

    Talbot”s home is currently on the online chopping block and being auctioned. The starting bid for the property was a penny. That’s right, one red cent. Luckily for Todd, or actually for the bank, the bid has risen substantially (at least in the world of penny auctions) to $2.42 as of Tuesday morning. According to ABC News, this is the first penny auction for a house.

    Sadly, it’s not really that hard to believe that today, according to CoreLogic, one in five homeowners is underwater on their mortgages. Todd Talbot’s plan for making money on the auction of his foreclosed home is through the bids. He’s counting each and every penny. Each penny bid costs a bidder 60 cents. So you can see, that could really add up. Slowly. At the end of 2011, foreclosures made up about a quarter of all home sales. That’s why it’s being referred to as a foreclosure crisis.

    For Arizona, the crisis has been especially hard. In Arizona, at the end of 2011, thirty-eight percent of all home sales were foreclosures. Nearly half of all homeowners in Arizona are underwater with their mortgages. For an example, Todd Talbot bought his house for $81,000 in January in a foreclosure sale and spent $20,000 fixing it up. His home appraised for almost $27,000 more than he currently has in it. So for Todd’s sake, everyone is hoping the pennies people are bidding on his property will add up fast.

    (image)@HotLibrarian215
    Meke     Who else missed this penny auction for this home in Glendale Arizona… there is a Reserve Bid: $2,750.00 … http://t.co/j0xiBusn(image) 1 day ago via TweetDeck ·  Reply ·  Retweet ·  Favorite · powered by @socialditto