Real Housewife + real estate = real mess (Part Deux!)

Just because someone is on television does not mean they are any less likely to get their home foreclosed than anyone else.  A person can get put on the foreclosures list whether they are on television or not.  We had already reported that Alexis Bellino is facing foreclosure – but maybe it’s a trend.

The Real Housewife of Orange County, Peggy Tanous, is facing foreclosure stating the lending institution she financed her home through is not living up their end of the bargain.  The fight goes on for Peggy and her family.

Incoming search terms:

  • alexis bellino foreclosure 2012
  • alexis bellino finances 2012
  • alexis bellino foreclosure

Krisen Bell takes a 1-Million bath on her California home

Kristen Bell bought a home in 2006 for over three million dollars.  Now, six years later the house is worth less than two million.  Six years between 2006 and 2012 has made quite a difference in housing value, and because of this loss her home is now on the list of foreclosures.

Because of the economy, houses are not as high in value as they once were, and now even celebrities are just as likely to get foreclosed as anyone else.

Real Housewife + real estate = real mess

The Real Housewife of Orange County, Alexis Bellino is facing the loss of her home through foreclosure.  With the help of a lawyer, Alexis is trying to keep her six bedroom home from going to yet another foreclosures auction.

The house is up for a short sale.  The asking price is a little over three million dollars.  The family has defaulted on the mortgage twice already, and only time will tell if Alexis Bellino can save her home from foreclosure in the near future.

Antoine Walker’s Florida foreclosure

One would think that a successful basketball player would be good at managing his own finances.  The answer to that is, not necessarily.  Antoine Walker, who once played for the Boston Celtics, is facing his Florida home on the foreclosures list.  Walker owes creditors a lot of money because he has a gambling habit that has left him in a lot of financial trouble.  The lesson here is that too much money can be a bad thing sometimes!

How to approach homeowners going through preforeclosure

An option a person has when they want to buy a home is something called a pre-foreclosure.  When a home owner misses even one payment it is possible for them to be considered delinquent.  At this point, the mortgage company can place the house on a foreclosures list and do a short sale, and someone can buy cheap homes for a lot less than what the home is valued at on the open real estate market.

But owners going through preforeclosure can be skittish, and it’s important to approach them tactfully and carefully – it can make all the difference.

Don’t skip disclosure!

When it comes to selling your home, it can be confusing to know what has to be disclosed by the law and what does not have to be told.  When selling FSBO there are many disclosure rules based on such things as personal knowledge, and what has to be disclosed depending on what state you are in.  The best way to cover all bases is to be honest and open about the house that you are trying to sell.

How to reach out to younger homebuyers

The best way to sell your home to those that are thirty years of age and under is to utilize the social networks that are available today such as Facebook and Twitter.

The reason to sell cheap homes this way, with these social networks, is because the younger crowd is using more technology to househunt than they are through conventional methods such as a foreclosures list.

Here’s a good article on leveraging technology and social media to reach younger buyers.