Tag Archives: Mortgages

Famous Financial Flubs: Pamela Anderson Edition

September 28, 2009 – 5:04 pm

Pamela Anderson has been famous for her, well, physical assets for decades, but it turns out she isn’t as well endowed in the financial department. According to People magazine, Los Angeles County records show she owes more than $1.1 million to creditors: According to the documents, five different construction companies have filed liens against her [...]

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Is Walking Away From Debt An Ethics Issue?

August 21, 2009 – 1:06 pm

Megan McArdle at The Atlantic is currently working on a long feature piece about consumer borrowing. But since the article won’t be out until early 2010, she has given us a taste by sharing an interesting observation about people who walk away from secured debt. A secured loan, if you’re unfamiliar, is one backed by collateral, [...]

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More Celebrities in Financial Hot Water

May 20, 2009 – 5:15 pm

The housing crisis just keeps going and going, and no one, not even celebrities or politicians, is immune: Nice house you got there, hate to see something bad happen to it: Victoria Gotti’s Westbury, NY mansion may soon be repossessed by her bank. Why? She apparently hasn’t been paying the $25,000 monthly mortgage, and still [...]

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Money Columnist Opens Up About Personal Debt

May 15, 2009 – 4:55 pm

New York Times economic columnist Edmund L. Andrews got real with his readers this week and shared an enormous secret: Even personal-finance experts aren’t immune to poor money management. In an article adapted from his upcoming book, he explains how easy it was for him to get in over his head in debt, starting with [...]

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Mortgage Scams Proliferate in Hard Times

April 24, 2009 – 4:07 pm

When newspaper headlines focus on the mortgage crisis and foreclosure rates, crooks’ ears tend to perk up. And that means more and more people are getting sucked into mortgage scams. Because government foreclosure documents are public record, many homeowners are receiving personalized letters filled with false promises of hope. The people who fall for these [...]

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Staying Afloat in the Economic Storm

January 26, 2009 – 5:26 pm

Making monthly mortgage payments is getting harder and harder for many homeowners.  As the AP recently reported, home foreclosures increased by 81% last year.  Thankfully, Philip Brewer at WiseBread.com suggests six possible options for homeowners who are having trouble making their monthly mortgage payments. One such possibility is renting the house out: If you can [...]

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