Friday, March 19, 2010

Octomom Could Lose Home

Octomom, Nadya Suleman, is apparently a victim of one of those bad sub-prime loan arrangements to buy a home. According to one report, she must make a $450,000 balloon payment by Tuesday, or else faces foreclosure. Further, Suleman has fallen behind on a monthly payment of $4139 monthly as well, only complicating her situation.

It further appears that the seller to Suleman couldn't afford the house either, so sold it to her with the outrageous payment arrangements because it was what he owed on the property. What a mess. Lawyers are going to have their work cut out for them here.

Back in January, THE WASHINGTON POST ran this photo of the house and an unidentified woman carrying balloons in for the children.


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