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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Comments (2)
Nadya Suleman signed onto a... (Below threshold)1. Posted by Rich Fader | March 20, 2010 11:55 AM | Score: 0 (0 votes cast)
Nadya Suleman signed onto a bad loan? Really? A woman who set out to have octuplets when she had money troubles taking care of the six kids she already had sucks at financial planning? Gee, there's a shocker.
1. Posted by Rich Fader | March 20, 2010 11:55 AM |
Score: 0 (0 votes cast)
Posted on March 20, 2010 11:55
2. Posted by Paul Hooson | March 20, 2010 2:35 PM | Score: 0 (0 votes cast)
Amen, to your comments, Rich. I certainly agree that Suleman isn't the greatest at life planning.
2. Posted by Paul Hooson | March 20, 2010 2:35 PM |
Score: 0 (0 votes cast)
Posted on March 20, 2010 14:35