Deborah Gibson In Foreclosure!!

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EJFiederer	Deborah Gibson In Foreclosure!!	Lead	[-]
Posts: 11768 (02/22/2009 4:32 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	First the general public, now 80's pop princesses! Foreclosures are affecting everyone nowadays! For poor ~~Debbie~~ Deborah Gibson, the last chance she has of keeping her Hollywood Hills home is only in her dreams. Deborah's 2-bedroom/2-bathroom abode is being listed for "short-sale" (aka foreclosure) at $995,000 dollars. The former pop idol originally bought her home for $1,275,000 dollars in 2005! Sad! Realtors must not have given Gibson fair warning of their visit because pictures in the listing show clothing, makeup, and soda cans strewn about the entire house. Ew! Good luck getting your million dollar pad off your hands, girl, because it's a mess!! Perez.com
cheerios630		#1	[-]
Posts: 6855 (02/22/2009 5:19 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	"short-sale" (aka foreclosure) Not quite the same thing...
nickscdngirl		#2	[-]
Posts: 9524 (02/22/2009 5:37 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I was watching a show on Much More Music called Where You At Baby - they showed her home it was really nice and she took such pride in her house ...
Marrjoyc		#3	[-]
Posts: 1818 (02/22/2009 6:00 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	short sale is not the same thing as foreclosure.
yankeefanNcali		#4	[-]
Posts: 2676 (02/22/2009 6:42 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	cheerios630 wrote: "short-sale" (aka foreclosure) Not quite the same thing... he's such an idiot. People do short sales to keep from foreclosure and its' basically a negotiation between the bank/mortgage company and the mortgagor to negotiate proceeds from the property that does not cover the total balance owed. It's less money and fee involved and usually you have to find a buyer/broker. I work for a real estate law firm that represent these banks.
lilacrose82		#5	[-]
Posts: 15986 (02/22/2009 6:46 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	cheerios630 wrote: "short-sale" (aka foreclosure) Not quite the same thing... Right. Sucks for her. She should try a modification or a deed in lieu. I'm sure she knows some rich folks.
JJB Stimulus Package		#6	[-]
Posts: 991 (02/22/2009 6:48 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	technically Shaq's house is gonna be a 'short sale' (assuming he finds a buyer someday). and both Britney and Xtina are having trouble selling their main residences (both have dropped the price by like $1M, approximately).
cheerios630		#7	[-]
Posts: 6858 (02/22/2009 6:50 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	yankeefanNcali wrote: cheerios630 wrote: "short-sale" (aka foreclosure) Not quite the same thing... he's such an idiot. People do short sales to keep from foreclosure and its' basically a negotiation between the bank/mortgage company and the mortgagor to negotiate proceeds from the property that does not cover the total balance owed. It's less money and fee involved and usually you have to find a buyer/broker. I work for a real estate law firm that represent these banks. It's also a little better for your credit. Still sucks, but it's not foreclosure!
Nenufar2		#8	[-]
Posts: 12473 (02/22/2009 7:04 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	cheerios630 wrote: yankeefanNcali wrote: cheerios630 wrote: "short-sale" (aka foreclosure) Not quite the same thing... he's such an idiot. People do short sales to keep from foreclosure and its' basically a negotiation between the bank/mortgage company and the mortgagor to negotiate proceeds from the property that does not cover the total balance owed. It's less money and fee involved and usually you have to find a buyer/broker. I work for a real estate law firm that represent these banks. It's also a little better for your credit. Still sucks, but it's not foreclosure! Thanks for the info people
Pliant Pineapple		#9	[-]
Posts: 44306 (02/22/2009 7:06 PM) Funniest JJBer '06 JJBer of the Year '07 Funniest JJBer '09 Reply Quote More Recent Posts Message Friend Block Invite Ignore	Interesting comment: Hippie Canyon said... Fun Fact: Due to her major (make that MAJOR) gambling dept, Lil' Debbie Gibson was forced to rent this place out to a drag queen named Selma Candy. Selma used to supplement a modest income from his nightly performances at the Queen Mary by producing porn. Hence the mirrored piano for rehearsals and the urinal... more than a prop really. Practically a character itself! Anyways, Selma did a whole series of Lil' Deb inspired porn novelas (as he referred to them in his deposition) that were made starting around 1999. "Glory Hole" 1 through 5 were directed very much in the John Waters/Andy Warhol style. Tacky, yes. But of a particularly interesting style by most accounts. I have to admit, they were very unique to the porn industry. Well, needless to say many in the biz had high hopes of the whole notion of porn going off in a new direction. And who would have thunk... all because of Selma Candy. Who would have never (!) gotten anywhere without the backing of Lil'Deb. Of course, things really started to fall apart for Selma and Lil'Deb by 2002 when my own production company (you'll recall the now defunct"Cock-Eyed Productions") got into a nasty legal battle over the the intellectual property rights to "Glory Hole 5;" An obvious rip off of my production of "Lord of the Cock Ring." And yes, I know one doesn't think "intellectual" anything when it comes to porn, let alone to Selma Candy. Okay, long story made short (and its too late for that), a settlement was reached by arbitration not too long ago. All of which explains the sale of this house, and my pending lease of new production office space. I'm sure Mama wouldn't approve, but some of my fans will absolutely love what I've planned for my new film - "Stimulated Package."
JJB Stimulus Package		#10	[-]
Posts: 998 (02/22/2009 7:09 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	^Sounds suspiciously like it was written by Diablo Cody.
StellaXOXOXO		#11	[-]
Posts: 5249 (02/22/2009 7:31 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Over $1 million for a 2 bedroom house? Wow
yankeefanNcali		#12	[-]
Posts: 2677 (02/22/2009 7:38 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	cheerios630 wrote: yankeefanNcali wrote: cheerios630 wrote: "short-sale" (aka foreclosure) Not quite the same thing... he's such an idiot. People do short sales to keep from foreclosure and its' basically a negotiation between the bank/mortgage company and the mortgagor to negotiate proceeds from the property that does not cover the total balance owed. It's less money and fee involved and usually you have to find a buyer/broker. I work for a real estate law firm that represent these banks. It's also a little better for your credit. Still sucks, but it's not foreclosure! my firm represented the bank that was foreclosing on Micheal Jackson's home in Encino. Even though only people living there were his brothers and mother. Some broker/company handled like a short sale for the property that caused it not to go to sale. What happens is they can purchase it, Michael or whoever pays that company. The only sad thing is with all those people living in that house Jermaine and his family, Randy, and whoever else, it was in Michales name and it was the house he got or his parents. You would not believe how many homes are referred to forelosure in California. It's mansions and everything. Only thing is helping is he bill Govenor Arnold signed call the CA SB1137, which gives the homeowners instructions that the banks/mortgage companies must disclose other options to help save their homes. There are so many banks referring houses for foreclosure in the state of California that it's sad. Many of them are million dollar homes.
yankeefanNcali		#13	[-]
Posts: 2678 (02/22/2009 7:43 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	StellaXOXOXO wrote: Over $1 million for a 2 bedroom house? Wow In the state of California it's mostly the land that's worth so much, and the structure/house is worth a lot less. Example. The Land only may be 600,000 and the house is maybe 120,000. Which makes the total value worth $720,000.00. Northern California homes tend to be valued more. I've worked with values of million dollar homes where it was usually the property and the house alone was more like an average house with 6 rooms and 1 bath and a half. Disasters/earthquakes/mudslides increase the value of the land because its' high risk. Property taxes alone can run up to $50,000+ based on the location.

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Deborah Gibson In Foreclosure!!

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