Dammn Damnn Dammnn, Another Real Housewife with no house!!
According to TMZ, Lisa Wu Hartwell and her husband, former Oakland Raiders linebacker Eddie Hartwell, were booted from their multi-million dollar Georgia mansion last week. The bank is said to have foreclosed on the place and sold it shortly after.
Hartwell’s rep tells us the couple was in talks with the lender to restructure the loan because the home had lost value — but that failed. They originally bought the place for $2.9 mil back in 2007 — but the bank only got $1.9 mil when they resold it this month.
Unfortunately forclosure’s are at a grand high in Atlanta right now. Much like the rest of the country, jobs are at a low and bills are at a high. Even though letting their home be foreclosed on may sound like a raw deal, I think it may have been a smart move for the Hartwell’s.
Check it out, if they only put a small amount down on the house, then purchasing another home for significantly less and then walking away from an over inflated mortgage saves them mucho guap. Then when the market comes back in a few years they can ride the equity back up in their new property. No loss!!! I’m a real estate investor and so is Lisa so I’m sure she knows this, plus she’s a smart girl.