Celebrities Have no Immunity to Adversity of Foreclosure

The little people, do not tread alone. Or so the gossip rags say

The country is infused with homes in foreclosure. People from every walk of life are being hard hit, no matter if they earn millions to frolic around on TV or throw a ball and spending lots of money and acting snide. Foreclosures on celebrities are out there and the sheer number of foreclosures on celebrities is simply astonishing. You’d think people with money to hire someone else to manage it would not lose their homes to foreclosure. Sorta' puts them down a couple of pegs!

Some note-worthy trends among foreclosures on celebrities:

Former Child Stars

• Dustin Diamond (Screech on “Saved by the Bell”)
• Erin Moran (Joanie Cunningham)
• Taran Noah Smith (Mark on “Home Improvement”)
• Willie Aames (Buddy Lembeck on “Charles in Charge”)

Rap, Hip Hop and R&B Stars
• Chamillionaire
• Damon Das (Roc-A-Fella Records co-founder)
• Fantasia
• Toni Braxton
• Xzibit

Sports Stars
• Antoine Walker (Former NBA player)
• Jose Conseco (Former MLB slugger)
• Julius Erving (“Dr. J” of NBA fame)
• Lenny Dykstra (Former MLB manager & player)
• Luther Elliss (NFL player)
• Plaxico Burress (Former NY Giant)
• Sergei Federov (Former NHL player)

Plus in their own category, The Real Housewives
• Alexis Bellino (Real Housewives of Orange County)
• Lisa Wu-Hartwell (Real Housewives of Atlanta)
• Lynne Curtin (Real Housewives of Orange County)
• Teresa Giudice (Real Housewives of New Jersey)

Never fear. If your house (or houses) end up in foreclosure, you are not unavoidably destined to have your castle taken away like Nicolas Cage. Plus you do not even have to have a pile of money, like Mrs. Veronica Hearst, to pull this off. So don't freak out, take things into your own hands. We're talking about a loan modification with your bank, not vigilante righteousness against it. The moment you receive any notice from your lender, give them a call If you are unable negotiate some sort of loan modification (or locate a person to talk with), talk with the Department of Housing and Urban Development’s (HUD) loan modification counseling which is free. Local counselors are also trained in avoiding foreclosure and often have ongoing relationships with local mortgage lenders. They will help you get to the next phase, and if needed, point you to the right direction of local mortgage assistance. Read tne book, "The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket "

New Article Feb 24, 2012

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