American hip-hop artist and producer Jermaine Dupri recently lost his mansion in Atlanta to foreclosure, WSB-TV 2 reported on December 11.
According to reports, the 42-year-old artist worked hard to maintain his 9,441 sq/ft Atlanta mansion with a property value of almost $3.7 million. Dupri reported still has $2.5 million left on his mortgage and is unable to make monthly payments. Property documents showed that Dupri’s mansion in Fulton County has 19 rooms and nine bathrooms. The mansion where Dupri lived for almost 10 years entered foreclosure proceedings in 2011, however it did not go to auction.
Losing a home to foreclosure is stressful, especially if you feel like you’ve exhausted all options to save it. However, if you are in such situation in Cedar Rapids, the lawyers of Hong Law, PLC may possibly work for you to save your property. Consult with our lawyers today at (319) 294-5853 to find out how we may help you.
Rapper DMX recently prevented foreclosure on his New York home by paying $250,000, the Chicago Defender reported on October 19.
According to reports, the 43-year-old rapper settled the amount to save his family home in Mount Kisco from foreclosure, after the bank failed to pursue the lawsuit against him. Lawsuit documents filed in 2013 by Compass Bank revealed that Simmons and estranged wife Tashera defaulted on a $500,000 loan that they borrowed 10 years ago. The bank then filed another lawsuit and demanded the foreclosure of DMX’s house after the rapper was accused of refusing to settle the loan.
Being threatened by foreclosure can be stressful and frustrating, as you may feel you are running out of options. In this difficult situation, it may be beneficial to consult an attorney to learn about legal options that may help you avoid foreclosure. Call (319) 294-5853 today to speak with a foreclosure defense attorney at Hong Law, PLC, in Cedar Rapids.
Actress Mischa Barton may lose her mansion in Beverly Hills to foreclosure if she fails to settle the back payments on her mortgage that amount to at least $100,000, Page Six reported on August 3.
Reports said the 28-year-old T.V. actress has already received a default notice in regards to the $6.4 million mansion that she bought in 2005. Barton reportedly took out a loan for $4.2 million at the height of “The O.C.,” the popular TV show she starred in, to buy the eight-bedroom / 11 bathroom mansion. Since 2010, the actress has been attempting to sell her mansion, last listed at $8.9 million, but there have not been any takers. Barton, whose acting career is reportedly on the decline, also tried to rent out the mansion in 2013 for $35,000 a month.
Being threatened with foreclosure may leave homeowners feeling helpless, but if you are facing this situation, it may be true that other options are available to you. An experienced foreclosure lawyer can offer you legal alternatives that may allow you to keep your home. Discuss your situation with the Cedar Rapids legal team at Hong Law, PLC, today by calling (319) 294-5853.
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