One of the stars of the Bravo reality series “The Real Housewives of Atlanta” recently had to leave her multi-million dollar mansion because of financial woes.
Lisa Wu-Hartwell who is married to former Oakland Raiders linebacker Edgerton Hartwell were forced to leave their Atlanta mansion last week after they defaulted on a loan, the bank foreclosed and sold it out from under their noses, according to documents found by TMZ.
A source told the gossip website that while the could bought the house for $2.9 million in 2007, it was only resold for $1.9 million this year. That’s a huge loss in value and when the couple tried to refinance, that difference was a big problem.
Despite leaving that house, a representative for the couple told TMZ, “”Ed and Lisa are fine. They have settled in their [new] home, that sits on 10 acres and they OWN it!”
The Hartwells are the third couple from the reality show to face such financial woes. Last season, NeNe Leakes was evicted from her home after not paying rent and this season, Sheree was forced out of her home when she realized her ex-husband had stopped paying the mortgage.
Of course, drama like this is why people tune into shoes like “The Real Housewives of Atlanta” so fans love it. But it’s pretty much guaranteed that the people in question don’t.
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Comments
Jordan
August 11th, 2009 - 12:51:45 PM
You know, obviously this sucks for Lisa and Ed, but overall, I think there is some good to come of this. The fact is, foreclosures are happening every day across the country. Hundreds of them. And the numbers aren't going down. For the most part, the media has shied away from the story, but it's a very real fact for a large portion of American citizens. Whether due to the economic times or predatory loans (or both!), millions of families have lost their homes. Sure, some of them were irresponsible, but not all of them, nor most. So I say, yes, let's continue to bring awareness to this issue and try and put some more pressure on our legislatures to help those who are currently in need. Because, it doesn't just hurt them, it hurts us all. It keeps our economy in decline as well as our home values. After all, every time a home gets foreclosed on, it brings down the property value of all the homes in the area - which then causes those who were barely making it by, to then default and be foreclosed on, beginning a self perpetuating cycle.
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pearlwillman
September 5th, 2009 - 4:07:45 AM
If anyone has had any luck with any of these companies, could you please post it for the ones that cannot find one to work with you. We've almost lost once and just got a second chance that want last long so I need to get something done now, so if anyone knows the right number to call, i am sure a lot of people that hasn't found them would appreciate it but check out http://www.obamamortgagerelief.org/
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