Archive for "foreclosure"
November 13th, 2012

(Photo: News One)
In today’s top news, Morehouse College names a new president, an accused East Coast rape suspect says women were objects and one anti-Obama CEO gave his employees raises instead of layoffs after President Obama’s re-election.
Morehouse College names a new president. [Atlanta Business Chronicle]
An accused East Coast rape suspect says women were objects. [AP]
One anti-Obama CEO gave his employees raises instead of layoffs after President Obama’s re-election. [CNN]
An Arizona woman ran over her husband with a car for not voting in the presidential election. [Reuters]
A group of Black L.A.pastors is protesting foreclosures on their churches by a Black-owned bank. [L.A. Times]
A judge ruled Halle Berry may not permanently relocate her 4-year-old daughter to France. [BET]
Lauryn Hill responds to Wyclef at a recent concert. [BET]
Shyne responds to Game’s diss song. [BET]
A new commuter train opens in Nairobi, Kenya. [BBC]
South African police arrest 37 in yet another mine protest. [Reuters]
TAGS: 2012 election, arizona, Barack Obama, Black church, Christianity, Church, Dr. John S. Wilson Jr., foreclosure, France, game, Halle Berry, Kenya, Lauryn Hill, Morehouse College, Nairobi, President Barack Obama, President Obama, presidential election, rape, Shyne, South Africa, Wyclef
October 16th, 2012

In today’s top news, Jay-Z urges voters to choose Obama in a new video spot, President Obama and Mitt Romney will face-off in the second presidential debate Tuesday night and Nelly speaks out for the first time since his Texas tour bus drug bust.
Jay-Z urges voters to choose Obama in a new video spot. [BET]
President Obama and Mitt Romney will face-off in the second presidential debate Tuesday night. [CNN]
Nelly speaks out for the first time since his Texas tour bus drug bust. [BET]
Trayvon Martin’s parents launch website dedicated to increasing awareness on ‘Stand Your Ground’ laws. [Orlando Sentinel]
Jennifer Hudson says she’s not buying the American Idol drama between Nicki Minaj and Mariah Carey. [BET]
Police released the names of 21 men accused of paying for sex with a Zumba instructor in Maine. [AP]
Nas’ Georgia home was recently foreclosed and sold via auction. [E! News]
Birdman of Cash Money recently shelled out $14.5 million on a Miami mansion. [Yahoo!]
More than 100 inmates have escaped from a jail in Tripoli, Libya. [BBC]
Hillary Clinton accepts responsibility for last month’s Libyan attacks on a U.S. diplomatic mission. [AJE]
TAGS: 2012 election, 2012 presidential election, Africa, American Idol, Barack Obama, Birdman, Cash Money, Cash Money Records, election 2012, foreclosure, georgia, Hillary Clinton, hip-hop, jailbreak, jay-z, Jennifer Hudson, Libya, Maine, Mariah Carey, Miami, Mitt Romney, Nas, nelly, Nicki Minaj, President Barack Obama, President Obama, presidential debate, prostitution, Secretary of State Hillary Clinton, Texas, Trayvon Martin, Tripoli, Zumba
August 23rd, 2012

In today’s top news, foreclosure threatens the future of historic Black college Morris Brown, a poll shows the majority of New Yorkers say police favor whites and rapper L.L. Cool J was able to fight and detain a burglar in his home Wednesday until police arrived.
Foreclosure threatens the future of historic Black college Morris Brown. [AJC]
According to a poll, the majority of New Yorkers say police favor whites. [NYT]
L.L. Cool J fought a burglar in his home Wednesday and held him until police arrived. [Reuters]
Several New Jersey entrepreneurs have accused restaurant chain Dunkin Donuts of bias in a new lawsuit. [CBS]
Rapper 2 Chainz’s debut album has soared up the charts. [BET]
Kandi Burruss is returning to school to study sex education and clinical sexology. [BET]
NFL star Michael Strahan will reportedly replace Regis Philbin on Live! with Kelly. [BET]
A Georgia cheer coach is accused of having the girls strip. [MSNBC]
Mourners in South Africa paid tribute to the victims of the Lonmin mine shootings. [MSNBC]
More fighting erupts in major Syrian cities of Damascus and Aleppo. [BBC]
TAGS: 2 Chainz, Aleppo, crime, Damascus, discrimination, Dunkin Donuts, foreclosure, HBCU, hip-hop, historically Black colleges and universities, Kandi Burruss, L.L. Cool J, Live! with Kelly, Lonmin mine protest, Michael Strahan, Morris Brown, New Jersey, New York, New York City, New York Police Department, NFL, NYPD, protest, racial bias, Regis Philbin, sex education, South Africa, Syria
April 6th, 2012

In today’s top news, Whitney Houston’s mother, Cissy, is “devastated” by her daughter’s autopsy report, pioneering Black journalist Gil Noble has died and it looks like the U.S. Senate may be without Black representation for the next few years.
Whitney Houston’s mother, Cissy, is “devastated” by released autopsy report. [BET]
Black jobless rate decreased slightly in March. [BET]
Pioneering Black journalist Gil Noble has died. [BET]
The U.S. Senate may be without Black representation for the next few years. [CNN]
Maryland’s self-proclaimed Mega Millions winner now says she has lost the winning ticket. [MSNBC]
Coca Cola Co. has cut ties with group which supports “Stand Your Ground” laws. [Reuters]
Evicted 101-year-old Detroit woman gets her home back. [AP]
The internet is abuzz over Beyoncé’s new Tumblr blog. [BET]
Kanye West and Kim Kardashian are reportedly dating. [BET]
Malawi’s president has died. [Telegraph]
London police are under investigation for claims of racism. [CNN]
Mali’s Tuareg rebels have declared independence and are seeking recognition of their “Azawad” nation. [VOA]
TAGS: Africa, autopsy, Azwad, beyonce, Cissy Houston, Coca Cola, Coca Cola Co., Detroit, economy, elderly, England, eviction, foreclosure, Gil Noble, gun control, hip-hop, journalism, Kanye West, Kim Kardashian, London, lottery, Malawi, Mali, maryland, Mega Millions, Politics, second amendment rights, Stand Your Ground Law, Tuareg, Tumblr, U.K., U.S Senate, Whitney Houston
March 11th, 2009

A day after the 20,000-square-foot home of jailed NFL star Michael Vick went on the auction block, there is still no one willing to cough up the $3.2 million required to gobble it up. To have an opportunity to even bid on the eight-bedroom luxury home in the suburban Atlanta neighborhood of Duluth, one needed to present a cashier’s check for $160,000, which is half of the required 10-percent deposit. But not even the two prequalified bidders, Seema Jain of Virtual Properties and Narender Reddy of Metro Brokers/GMAC had the cashier’s check. Read the rest.
TAGS: Atlanta quarterback, foreclosure, home auction, Michael Vick
November 27th, 2008

Bobby Brown, Whitney Houston aren’t reuniting. Fans hoping to view more of the train-wreck-like drama that was Bobby Brown’s marriage to Whitney Houston won’t get their wish. Despite photos recently showing the divorced pair at a romantic dinner together in Georgia, they’ll reportedly remain apart. A spokesperson for Houston says the pair remains “good friends whose primary interest is the well-being of their daughter.” Houston and Brown divorced after 15 years in 2007.
Wyclef’s Miami Beach crib is up for auction. Rapper, singer and producer Wyclef is the latest high-profile celebrity to suffer from America’s home foreclosure epidemic. The Grammy-winner’s Miami Beach spot is due to be auctioned in a Florida court after ‘Clef reportedly borrowed $2 million from Home Equity Mortgage Corp. A series of construction liens were filed against the company the performer co-owns, leading to the burden and eventual bank action.
TAGS: Bobby Brown, foreclosure, home, Miami Beach, Whitney Houston, Wyclef
November 17th, 2008

Rapper is “super-devastated” by mom’s death. Could the frustration of grief over his mom’s death be behind Kanye West’s recent clashes with photographers? Maybe it’s a coincidence, but just days after People magazine published West’s first public comments on losing his parent, the rapper is explaining his second arrest in three months. Kanye was questioned by police in England, but not charged this past weekend after a cameraman claimed the rapper shoved his camera into his face, causing a cut. West took to his blog to write about the incident outside Newcastle’s Tup Tup Club: “I put my hand up to the camera in self-defense! …My security yelled, ‘Get the camera off him!’ I guess, in all the commotion, the camera scraped his nose.” West barely escaped felony charges in September when he and an assistant were caught on video destroying another photographer’s equipment at an airport. Instead, West was issued a misdemeanor. He further blogs, “When will there be a law passed that simply enforces that someone has to ask to take a photograph of you?” People quoted West as saying that his mother’s death, due to cosmetic surgery complications last year, left him “super-devastated. I didn’t do any interviews after my mom passed,” he tells the mag. “I wasn’t ready to speak about [it]. Now I’d rather talk it through than commit suicide. …I feel like I moved to California, then my mom moved to California, and she did stuff she wouldn’t have done if we’d stayed in Chicago. If I’d never made it in the music business, it never would’ve happened.”

Ex-millionaire label head’s financial woes continue. Former Roc-a-Fella Records boss Damon Dash doesn’t have “a pot to p–s in,” says a lawyer who recently sued him. “They’re broke,” Jason Gabbard says of Dash and his wife, following a suit over $148,505 in unpaid fees. The lawyer tells The New York Daily News that Dash owed a fashion firm the cash before the suit was settled. Earlier this year, the entertainment entrepreneur’s New York home was reported in foreclosure, and just this month his Chevy Tahoe was seized after he reportedly stopped paying the $714.99 monthly lease. If that’s not enough, Dash faces an outstanding debt of $2.1 million in New York state taxes and at least three other pending suits and unpaid tabs.
TAGS: broke, Damon Dash, death, devastated, Donda West, foreclosure, Kanye West
November 12th, 2008

Mortgage giants propose a rescue plan. Fannie Mae and Freddie Mac, the mortgage-finance giants now controlled by the U.S. government, said Tuesday that they planned a broad new effort to reduce the loan burdens of homeowners facing foreclosure. The program will be offered to people who are at least 90 days behind on their payments and already have paid for the bulk of their mortgage, according to government officials. The plan is to change the mortgage by reducing the interest rate so that the monthly loan payment is no higher than 38 percent of the borrower’s monthly income. The government plan could help as many as 300,000 families that are delinquent in their mortgage payments at taxpayer expense, reports The Washington Post. But people with knowledge of the details said Tuesday that it was more limited than a program advocated by Sheila Bair, chairman of the U.S. Federal Deposit Insurance Corp. The plan may apply only to so-called conforming mortgages that Fannie Mae and Freddie Mac have guaranteed. While there are trillions of dollars worth of those loans, they are far less than, and generally separate from, the bulk of subprime loans that are at the heart of the nation’s foreclosure crisis. The foreclosure rate on loans owned by Fannie Mae is about 1.72 percent. By contrast, the foreclosure rate on adjustable-rate subprime loans is nearly 20 percent, according to the Mortgage Bankers Association.
TAGS: Fannie Mae, foreclosure, Freddie Mac, government, rescue plan
October 8th, 2008

Another “Extreme Makeover” home faces foreclosure.
As usual, the ABC TV “Extreme Makeover” storyline was enough to elicit tears from even the most stoic viewer: a middle-age, African-American former drug addict, who flipped her life and became a positive force for the less fortunate in her community, was awarded a beautiful dream home. But that six-bedroom luxury crib, which was awarded to Floridian Sadie Holmes two years ago, is about to be foreclosed on. The New York Daily News reports that more than $30,000 in liens have been filed against the Seminole County, Fla., home for a series of unpaid housing code violations. Holmes said initially that she was grateful for the home, has since said that it has caused her unbelievable stress and problems, the News reports. It isn’t the first time recipients have been foreclosed on – some unable to keep up with tax payments and other expenses of newly acquired luxury homes. But Holmes’ case is unique. Once she was given the home, it became the headquarters for her charity work. After the national exposure, she was flooded with supplies to distribute to the needy. The stuff piled up, and Holmes’ home was slapped with about $29,000 in fines.
TAGS: Extreme Makeover, foreclosure, Sadie Holmes
September 11th, 2008
Entrepreneur’s financial, personal challenges mount

Damon Dash’s custody challenge continues. Damon Dash’s troubles seem to be increasing as 2008 progresses. Following widespread reports of home foreclosure action against him and the loss of his licensing agreement with Pro-Keds, the Roc-a-fella Records co-founder is dealing with ongoing child custody grief. Dash recently filed a motion to force the mother of his son, Damon “Boogie” Dash Jr., to return him to Damon Sr. The film and music entrepreneur has sole legal custody. A judge this week threatened to issue an arrest warrant for Linda Williams if Boogie wasn’t brought home. A lawyer representing the teenager says he wants to remain with his mother.
TAGS: child, custosy, Damon, Dash, foreclosure, kids, license, pro, records, roc, rocafella