‘Octomom’ Nadya Suleman Foreclosure Sale Delayed (Again)
The most bizarre foreclosure case in recent memory must belong to Nadya Suleman, who is also known as “Octomom” for delivering eight children at once (via in vitro fertilization) while on government-sponsored welfare to help support her other six children back in 2009. Her unique story captured major headlines throughout the United States at the… [Continue Reading]

The most bizarre foreclosure case in recent memory must belong to Nadya Suleman, who is also known as “Octomom” for delivering eight children at once (via in vitro fertilization) while on government-sponsored welfare to help support her other six children back in 2009.

Her unique story captured major headlines throughout the United States at the time, sparking debate about whether or not a cash-strapped, public-assisted single mother of six should be allowed to pursue excessive fertility treatments and have taxpayers pick up her tab. More than three years later, Suleman still knows how stir controversy, as well as avoid foreclosure.

According to The Orange County Register, the four-bedroom, three-bathroom home in southern California the Suleman “purchased” right around the same time as the birth of her octuplets, will remain her’s for at least another two weeks. Suleman stopped making the $3,000 monthly payments way back in 2010 on her “wrap-around mortgage,” which essentially means she holds the deed and makes payments to the original property owner, Amer Haddadin, who in turn pays the bank.

This is the second time the foreclosure sale has been postponed. She (and Haddadin) owe approximately $477,288 on the La Habra, Calif., home.

Suleman has recently filed for bankruptcy, claiming her debt-to-asset ratio is in the neighborhood of $1 million to $50,000. It’s possible that the bankruptcy claim could have delayed the latest foreclosure sale.

Meanwhile, to make ends meet, Suleman has reportedly embarked on an adult film career. We told you this was bizarre.

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Foreclosure Scammers Posing As Homeowners Rent Bank-Owned Properties In Florida
Perception is not reality. Randy Lutz learned that important lesson firsthand when he attempted to relocate his family, which includes a handicapped son, from a “crime-ridden” Rhode Island neighborhood to a seemingly more friendly Winter Park, Fla., community. Lutz, responding to a home-for-rent ad listing on CraigsList.com, had no idea that the lease he signed… [Continue Reading]

Perception is not reality.

Randy Lutz learned that important lesson firsthand when he attempted to relocate his family, which includes a handicapped son, from a “crime-ridden” Rhode Island neighborhood to a seemingly more friendly Winter Park, Fla., community. Lutz, responding to a home-for-rent ad listing on CraigsList.com, had no idea that the lease he signed on a new place — and seemingly a new life — was a complete fraud.

That’s because two opportunist scammers, a local boyfriend-girlfriend tag-team, were lying in wait in the “Sunshine State.” The duplicitous pair had broken into the home, which was a vacant foreclosure, changed the locks and marketed it as if it was their own, according to the Palm Beach Post.

Greed was apparently their undoing when another couple who had also “rented” a a property from the imposters came to the Lutz-rented house looking for their landlords. From that point forward, with the help of a neighbor who knew the house was in foreclosure, the scheme unraveled.

In fact, the couple — who Lutz described as “fairly nice people” — were soon tracked down and arrested.

“There was no reason to think that they were anything but what they said they were,” Lutz was quoted as saying.

The good news is that the bank that truly did own the home that was illegally rented out to the Lutz family agreed to let them remain in the house. Clearly, a new — and legal — rental agreement was drawn up, providing a rare happy ending in an otherwise twisted foreclosure tale.

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