Rich and Famous and in Foreclosure
Even the wealthy are stumbling. The common folk are not the only ones affected by economic turmoil; the ‘rich and the famous’ – actors and big-digit elites – are also falling behind in payments. The biggest obstacles that they face seem to be adjustable mortgage rates or payments.
“Price drops at the high end of the market were so steep that a sale wouldn’t cover the debt. In other words, high-end homeowners face the same problems that plague the not-so-rich-and-famous.”
Read full article: They’re rich and famous and in foreclosure
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