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Octo- Mom Gets New House and Other Revelant Real Estate News

This post was written by jd on March 11, 2009
Posted Under: Real Estate

Large building in back is Puget Automaker's Office Building in Buenos Aires (Possibe quarters for Octo-Mom?)

Large building in back is Puget Automaker's Office Building in Buenos Aires (Possibe quarters for Octo-Mom?)

 

Nadya Suleman’s the gal that just had eight more children, along with the six she already had, is going to have to move. Seems like the house she is living in is owned by her mom, which is being foreclosed on.  The news is that the family is about $20.000 behind in their mortgage payments.

So what is she to do, well, don’t worry, her father is buying her a bigger and better house. Seems like Nadya’s  father is buying her a home in La Habra, south of Los Angeles for $564,000, that’s right over half of a million dollars. The home is around 2,500 square feet and features four bedrooms, three baths and a large fenced in backyard. Well one house foreclosed, another taken off the market, have to look at the bright side of things.

Let’s see, if Nadya sleeps on the couch, and you take 14 kids and divide it by four bedrooms, that’s 3.5 kids per bedroom.  If she has two more, then it would be a better fit, 4 kids per bedroom.  (Don’t tell her that)

 Nadya gave birth to eight children in January when she already had six.

I’m not going to go into the fact that some homeowners are thinking of letting their house foreclose or just walk away because their house is worth less than their mortgage.  I hear this more and more recently. So what are you going to do if you let your house foreclose? You can’t buy another house for five years, and if history is any clue, the value of the house you left behind will be more then the mortgage you walked away from.  Well, I guess I did rant a little?

 

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