A $112 million redevelopment project in Marion, Illinois, aimed at revitalizing a dying mall and boosting the local economy, faces challenges due to the financial troubles and foreclosure of one of the key developers, Jerry Barrass, which could impact the project's future plans. Despite these issues, local officials and remaining partners continue to push forward with the project, which includes entertainment venues, hotels, and attractions designed to attract tourists and create jobs.
Zohran Mamdani's experience working at the Chhaya Community Development Corporation, where he helped struggling homeowners and learned about housing issues, shaped his empathetic political message and approach, which has been central to his mayoral campaign focused on rent freezes and housing stability.
A tragic murder-suicide occurred in San Francisco's Westwood Park, where a mother, Paula Truong, allegedly killed her husband and daughters after facing financial hardships, including failed businesses and foreclosure, before taking her own life.
More US homeowners are underwater on their mortgages, with over 500,000 affected in April, marking the worst April in five years, especially in pandemic boomtowns where home values have declined, leading some to sell at a loss.
Kim Zolciak and Kroy Biermann were forcibly removed from their foreclosed Georgia mansion by US Marshals after the new owners initiated eviction proceedings, following their financial struggles and sale of the property for $2.75 million.
NPR is investigating 'zombie second mortgages,' which are old loans that homeowners believed were resolved but are now being pursued by debt collectors, sometimes in violation of state and federal laws. Homeowners affected by these practices are encouraged to share their experiences with NPR to help understand the issue's scope.
Thousands of veterans, including Army vet Natalie Donaldson, have been left struggling with increased mortgage payments due to a flawed VA home loan program intended to provide COVID-19 relief. The program's mismanagement led to higher interest rates and payments, leaving many vets unable to afford their homes. Although the VA has introduced a rescue plan offering low-interest loans, it excludes those who accepted previous loan modifications, like Donaldson. Critics argue the VA could extend its authority to help these veterans.
Kim Zolciak and Kroy Biermann have reached an agreement with Truist Bank to delay foreclosure on their Georgia home for 90 days, giving them time to sell the property. If they fail to sell by August 26, foreclosure proceedings will resume. The home has been a contentious point in their divorce and financial struggles.
Johnny Depp secured a $10 million loan to save his West Hollywood homes from foreclosure, a luxury many Americans facing "zombie foreclosures" cannot afford. Despite predictions, zombie foreclosures have decreased, with only 6,94 properties abandoned in preforeclosure, the lowest level since early 2021. The U.S. housing market has seen 12 years of price increases, boosting homeowner equity and reducing the prevalence of abandoned homes.
"Real Housewives" stars Sonja Morgan and Kim Zolciak are facing significant real estate challenges. Morgan finally sold her Upper East Side townhouse at auction after a decade-long struggle, while Zolciak's Atlanta mansion is facing foreclosure amid her ongoing divorce from Kroy Biermann. Other Bravo stars like Teresa Giudice have also faced similar real estate issues.
After her husband's death froze mortgage payments, Kentucky resident Carol Haynes filed for bankruptcy to save her home from foreclosure. Despite negotiating a loan modification, the bank was already in the process of selling the loan, prompting Haynes to take legal action to halt the sale. This case highlights the financial challenges many homeowners face, including the importance of financial planning and available assistance programs.
The attempted foreclosure of Elvis Presley's Graceland estate has been halted amid allegations of fraud involving Naussany Investments and Private Lending. The Tennessee Attorney General's office is investigating claims that the foreclosure was a scam orchestrated by a Nigerian fraud ring. Emails from alleged scammers have been sent to various media outlets, adding to the confusion. No further court hearings are scheduled, and the investigation is ongoing.
An identity thief has claimed responsibility for a failed attempt to foreclose and auction Elvis Presley's Graceland mansion, alleging it was a scam involving forged documents and a fake company. The plot, which targeted the Presley family, was halted by a court injunction after Elvis' granddaughter, Riley Keough, challenged the legitimacy of the claims. The case is under investigation by the Tennessee Attorney General.
An identity thief, claiming to be a dark web ring leader, admitted to plotting the fraudulent foreclosure and sale of Graceland, the former home of Elvis Presley. The scam targeted the estate of Lisa Marie Presley, falsely claiming she had borrowed $3.8 million using Graceland as collateral. The thief's email to The New York Times revealed the scheme was a scam and did not succeed.
Riley Keough is grateful for the swift legal action that halted the foreclosure sale of her grandfather Elvis Presley's Graceland estate. A lawsuit filed by her attorneys claimed that Naussany Investments & Private Lending LLC attempted to fraudulently sell the estate by forging her late mother Lisa Marie Presley's signature. A judge stopped the sale, ensuring Graceland remains operational for fans.
