Foreclosure Home News and Opinion Octomom’s House Slated for Foreclosure Auction

Octomom’s House Slated for Foreclosure Auction

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The  foreclosure auction of “Octomom” Nadya Suleman’s La Habra, Calif., home was  postponed today and rescheduled for April 30, 2012, at 9:00 a.m., at the Orange  Civic Center in Chapman, Calif., according to RealtyTrac.

The  two-story house on Madonna Lane is listed for sale at $425,000. Suleman’s  father, Ed Doud, purchased the property in 2009 for $565,000, according to the Orange  County Register. RealtyTrac shows the judgment amount, the estimated  total amount owed to the foreclosing lender, is $477,288.

“Don't  miss the opportunity to own this previously owned celebrity home!” wrote  listing agent Rebecca Mercado, describing the short sale property at  “Minor TLC needed to make this property your dream home.”

The  home was first listed for sale in September 2011 at $535,000, according to the Register. A notice  of default was filed on the property in December, with a default amount of  $18,369, the total sum of missed mortgage payments.

Suleman  and her octuplets have lived in the 4-bedroom, 3-bathroom home for more than  two years, according  to the Associated  Press. She previously had six children. All 14 kids live in the Madonna  Lane home.

Here is a screenshot of the property on RealtyTrac. Note the auction postponement about half way down.

Click for larger image

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Please check this video. Posted: May 23, 2012 by: Josh

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