We, the little people, are not alone. Or so say the gossip rags.
The country is riddled with houses in foreclosure--people from all walks of life have been hit hard, regardless of whether they are paid millions to throw a ball around. Or, you know, prance around on TV while spending money and acting catty. Celebrity foreclosures are out there.
The number of celebrity foreclosures is astonishing. You'd think that people who have enough money to pay someone to manage that money wouldn't lose their homes. Brings them down a peg, no?
There are some interesting trends among celebrity foreclosures:
Rap, Hip Hop & R&B Stars
Former Child Stars
And in a category all to their own, The Real Housewives
Fear not, though. If you end up with a house (or houses) in foreclosure, you're not necessarily destined to lose your castle like Nicolas Cage did. And you don't even need a lot of money, like one Mrs. Veronica Hearst, to accomplish this. Instead of freaking out, take matters into your hands. I'm talking about loan modification--not vigilante justice against your bank.
The minute you receive a notice from your bank, call them. If you can't negotiate a loan modification (or find someone to talk to), take advantage of the Department of Housing and Urban Development's free loan modification counseling. Local counselors are trained in foreclosure avoidance and often have relationships with local lenders. They'll help you take that next step, and if need be, point you in the direction of local assistance.