Foreclosure
The Real Deal in Real Trouble
Evander Holyfield, the former heavyweight champion of the world, faces foreclosure on his suburban Atlanta mansion. The 17-bathroom mansion on Evander Holyfield Highway will be auctioned off to the highest cash bidder on July 1 after The Real Deal (not to be confused with The Real Deal magazine) defaulted on a $10 million loan from Washington Mutual Bank.
Mr. Holyfield's the latest celebrity snared by the foreclosure wave sweeping the United States. read more »
Oh Thank God! Staten Island Councilman Introduces Bill Fighting Big For-Sale Signs
The subprime mortgage crisis continues to send shockwaves through New York City and now the consequences have spread beyond the economy. The rising tide of foreclosures is making the city uglier (gasp!). Councilman Michael McMahon believes “the proliferation of extra-large for sale signs is having a negative aesthetic impact on residential neighborhoods in New York City.” read more »
