Victoria Gotti Faces Foreclosure From Missed Mortgage Payments
Andrew Robichaud — May 13, 2009 — Luxury
References: huffingtonpost
‘Growing Up Gotti’ mom Victoria Gotti is facing foreclosure on the family’s mansion after missing over two years of mortgage payments.
The foreclosure is based on Victoria Gotti owing a hefty $650,000 on the property that hosts the reality show.
Daughter of John Gotti (Former Mob Boss), Victoria Gotti has been skipping out on $25,000 mortgage payments for the last two years. It seems that no one, including Victoria Gotti, is protected during this time of economic turmoil.
The foreclosure is based on Victoria Gotti owing a hefty $650,000 on the property that hosts the reality show.
Daughter of John Gotti (Former Mob Boss), Victoria Gotti has been skipping out on $25,000 mortgage payments for the last two years. It seems that no one, including Victoria Gotti, is protected during this time of economic turmoil.
Trend Themes
1. Mortgage Payment Crisis - The increasing number of missed mortgage payments highlights the opportunity for disruptive new solutions in the mortgage and real estate industries to prevent foreclosures and assist borrowers in times of economic turmoil.
2. Celebrity Financial Mismanagement - The trend of financial mismanagement among celebrities presents an opportunity for innovative startups in the financial education and management industry to provide specialized assistance and solutions.
3. Foreclosure Alternatives - The rise in foreclosures reveals an opportunity for disruptive innovations in the housing and rental industries to create alternative solutions for homeowners facing foreclosure, such as rent-to-own programs and other affordable housing options.
Industry Implications
1. Mortgage and Real Estate - The missed payments leading to foreclosure highlights an opportunity for the mortgage and real estate industry to develop more flexible and accommodating repayment options to lender and borrower.
2. Financial Education and Management - The increasing trend of financial mismanagement among celebrities presents an opportunity for growth in the financial education and management industry.
3. Housing and Rental Services - The rise in foreclosures reveals the need to find alternative solutions for homeowners facing foreclosure provides an opportunity for housing and rental services to create programs and options to help homeowners.
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