Avoiding Luxury Foreclosures
Foreclosures are coming fast as well as furious these days. One of the addition to the foreclosure league was Evander Holyfield. His mansion situated in the Fayette County in Georgia has witnessed foreclosure due to his bad bank balance.
Home worth around $10 millions all set for being auctioned by the Washington Mutual. Evander has been sued by some consulting company because of his inability pay the loan back of around $550,000. This can very explain reason behind this 45 years old boxing champion to return in boxing ring for heavyweight championship. Evander has made good money over course of years but like many other sports person has not been able to hold much of it.
As per the local reports, ten million dollar mortgage on property was due and home has gone for auction. As stated by the attorneys for Holyfield, foreclosure was altered but for the ex boxer, this came as a big blow on ego. The reason why he does not want to call boxing quits is because he is still paying back his mortgage. Interesting thing about the house is that he built this mansion in Fayette County’s northern part, which is mostly rural. But since that time, the place has witnessed much development focused on the black professionals. This part of the county is attracting other professionals including entertainers and athletes.
Evander appeared on verge of losing the home, located in south of Futon County line when he got a notice by the lending company. The boxing champion did not commented on the foreclosure listing. But it surely would be a disheartening process as the mansion is quite big with 109 rooms. Lien holder is demanding full payment of the original loan of $10 million. Having met the man and heard about his stories, reveals that he was a good man with big heart. However, excesses marking typical professional athletes lifestyle seems to leave them broke more than often. Use of some common sense and self-discipline can help them go a long way.
Saving homes from foreclosures is no more a daunting task with the assistance of our team. We take care of the short sales in the best possible way. Whether one is facing foreclosure or facing high mortgage payments, our team leaves no stone unturned to help our clients. The best part about getting in touch with us is that we make sure that no information is leaked. The celebrity status is taken care well by our team.
Category : Avoiding Luxury Foreclosures &Celebrities &Headlines
One of the foreclosures that did not really surprise people is that of Victoria Gotti. Daughter of John Gotti, mobster that was part of a popular reality show in 2004, seems like she will be losing the mansion to the foreclosure soon. She has been trying to put up her home for sale in the Old Westbury, New York from a long time and all of us have witnessed the price tumbling down from $4.4 million to around $3.2 million. New York post revealed that after first putting her home on sale in the year 2005, used for filming of the TV show- Growing Up Gotti, is getting foreclosed by the JP Morgan Chase. This star owes $650,000 for the credit payments. According to ban, the star owed around $25,000 on house every month but never cleared all payments.
Victoria Gotti has been running around for the foreclosure for quite some time now. In the year 2007, Supreme Court Nassau County’s justice decided that the foreclosure preceding were untimely but now decision of Brooklyn Appellate has approved lender’s motion for foreclosure summary judgment. Even after running around for so many years, the problems have not ended for this 46-year-old star. She declared outside the Federal court, Brooklyn that she would by no means lose her long island mansion. She further state that the only way she would leave the place, would by selling it. The house is at present on market for around $3.2 million.
On all this Victoria’s mother statement appeared as an attempt to make her daughter come clean of the case. She stated that Victoria’ s Ex husband named Carmine Agnello, took the mortgage on her name without telling her, which is not able to afford. The Mafia princess also commented on the same saying that the mansion and marital assets are part of divorce package from her ex husband, that she was not aware of. She is also insisting that there is light at the end of this tunnel. She also plans to clear all her debts after seizing control of the commercial properties that belong to ex husband, who has served nine-year prison sentence.
Victoria Gotti could have avoided this lengthy, exhaustive process by getting in touch with us. The transaction handled by our company is professional and discreet. One of the most attractive benefit to our clients that we do all this without any public exposure.
Category : Avoiding Luxury Foreclosures &Celebrities &Long Island
Academy Award winner actor Nicolas cage has been the talk of the town lately, not because of his any forthcoming movie but his property’s foreclosures in the recent past. Nicolas cage has acted in several popular movies like ‘Adaptation’, ‘The Rock’, ‘National Treasure’ and ‘Leaving Las Vegas’. The actor had built several properties of worth over millions scattered all over the world. But the huge number of properties owned by the actor is now reducing gradually.
Nicolas Cage purchased a home in Las Vegas in 2006 for a huge sum of $8.5 million. It was a palatial structure built across fourteen thousand square foot having 16 car garages, seven bedrooms, a home theatre, an elevator and each window gives a beautiful view of the city of Las Vegas. This home also has a spa in addition to a big private pool and at the same time ensures privacy as it is situated in a gated community. This home that once belonged to Nicolas Cage is now owned by bank due to foreclosure. In the month of July of year 2008, Cage listed this home for $9.95 million but later discounted it at $9.49 million. When the property was foreclosed, the price was discounted even more to the then prevailing Las Vegas property prices and was finally sold for $4,950,000.
After that, Nicolas’ various homes in New Orleans were also foreclosed and were sold to the bank for about $4.5 million. His property in Rhode Island is soon to be sold with an asking price of $12 million quoted by him.
Recently, Cage also lost his property in California to the lender because it failed at a public foreclosure. This property was spread across 11,817 square feet having six bedrooms and nine bathrooms. The public foreclosure auction for this property was apparently lacked enthusiasts to purchase the property. Cage had initially asked a price of $35 million but no one in the auction attendance was ready to pay even $10.4 million for the property. Though it was a beautiful and superb home at a preferable location, zero takers for it came as a shock to everybody.
Nicolas Cage’s financial woes are many. He has been through property foreclosures for his homes in Las Vegas, Los Angeles, California, Nevada and New Orleans. Cage clarifies that his financial troubles are shooting up due to ‘n incompetent business manager’.
Nicholas could have been out of all this mess and chaos by hiring our services for short sales of luxury homes, avoiding foreclosures and losing his properties to the lenders. We believe in making our customers well informed about the various issues related to foreclosures of luxury homes and help them in taking informed decisions after weighing all the pros and cons.
We offer expert advice and help for your properties sale and avoiding foreclosures that originates from our real estate knowledge. We also offer privacy for all the deals without any public exposure. This way your information is confidentially kept safe with us. Professional and confidential proceedings are what we guarantee to our customers.
Category : Avoiding Luxury Foreclosures &Bell Air &Celebrities &Headlines