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Chamillionaire Loses Houston Home to Foreclosure

Discussion in 'BBS Hangout' started by RoxSqaud, Jun 16, 2010.

  1. leebigez

    leebigez Contributing Member

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    I know a guy who lives over there and its a nice house, but not as nice as the house the guy i know lives over there. From what I understand, his mother needs cancer care and he's selling assets to help her. Paying a mortage when you have that kind of money is dumb anyway.
     
  2. thadeus

    thadeus Contributing Member

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    Good, because **** banks.
     
  3. dachuda86

    dachuda86 Member

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    link?
     
  4. Blake

    Blake Contributing Member

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    Maybe Eddie Curry can get him a sweet interest rated loan
     
  5. Tenchi

    Tenchi Contributing Member

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    Good thing Jordan didn't autograph those items, you know Cham would have thrown it on eBay. ;)
     
  6. Yonkers

    Yonkers Contributing Member

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    If you're interested in what the house looks like.
    Also, Texas is a non-recourse state but lenders can still seek deficiency statements. Which means they can still go after you. Now the likelihood of it is another matter.

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  7. Rip Van Rocket

    Rip Van Rocket Contributing Member

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    Of course it's fair, why would it not be fair? There is no guarantee property values will rise or even remain equal to the purchase price. The property values on the entire block probably dropped as soon as he purchased the property. Who wants to live next door to a rapper?
     
  8. Dave_78

    Dave_78 Member

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    I may go ahead and buy his old house if it can be had for under $175K. Wish me luck ;)
     
  9. DaDakota

    DaDakota If you want to know, just ask!

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    This is why the government should have given the money to the citizens instead of the banks.

    Just make it to where the bailout monies had to be used to pay down mortgages....

    That way the banks still get the money, and credit loosens up......

    Oh well.....opportunity lost.

    DD
     
  10. KingCheetah

    KingCheetah Contributing Member

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    they see me rollin'
    my house be stollin'
     
  11. DaDakota

    DaDakota If you want to know, just ask!

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    Money up in my colon.

    DD
     

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