Director and Soap Stars Lose Homes To Foreclosure

[NewYorkTimes] The $26 billion foreclosure settlement deal announced this month arrived in the final throes of Hollywood’s annual awards season. It also arrived too late for my neighbor, a screenwriter and director who moved out of her two-bedroom house the week before last, after her bank foreclosed on the property.

There had been no “For Sale” sign, no telltale rental tenant, no evidence of anything untoward in our canyon neighborhood, an enclave of writers, directors and actors. I saw nothing until the night I stood on my front steps, my heart in my mouth, and heard her sobbing scream — “I’m 47 years old, and I am going bankrupt!”

Now she is gone, another “statistic,” as she put it when I went next door to say goodbye as the movers loaded the last of her belongings. Her eviction follows that of our mutual neighbors, actors on a well-known soap opera forced out of their house in a foreclosure in a driving rainstorm four days before Christmas. Their dark, vacant houses, emblazoned with the public notices taped in the windows like shameful scarlet A’s, are holes in the hidden, fraying social fabric of Hollywood, where a vast majority belong not to the 1 percent but to the 99.

Screenwriter/Director:

Actors on a well-known soap opera:

Share on FacebookShare on Google+Tweet about this on TwitterShare on RedditShare on TumblrPin on Pinterest

34 comments to Director and Soap Stars Lose Homes To Foreclosure

  • nomnom

    ummm … is this supposed to engender sympathy? maybe if they are part of the 99%, they should do what the rest of us do, and not live in a house only the 1% can afford.

    • LooLoo

      I guess it’s supposed to engender sympathy because she’s getting up in the years and just lost her home? Hello?

    • amagod121

      Quite obviously they are NOT a part of the 1% if they lost their home. It’s a really traumatic thing to go through, btw. Even if their house is nicer than mine, I still feel really badly for them. Especially at their age.

    • anyaberry

      You are so right, nomnom!

    • nomnom

      47? Oh that’s ancient.

    • saucykitty

      I agree with nomnom. If you can’t afford it, don’t buy it. This person’s accountant must suck testicles.

    • madameks

      It’s a 2-bedroom house… not a mansion. Granted that is pricey real estate – and I’m sure it’s not a shack – but come on, you don’t know that she was living extravagantly. She probably could afford it at one time – like the soap opera actors and so many others. Have a heart, people!

    • thefantasticspazzomatic

      Oh my G0D again with this 1% bullsh!t. The richest 1% of the country is not always people who live and work in Hollywood. Most of the 1% are BUSINESSMEN of businesses. And not always THE business, which we’re referring to. A lot of Hollywood actors, directors, writers, etc. fall into the other top 4%, which is STILL in the millions/high thousands per year.
      That being SAID, I do feel sympathy for ANYBODY who is a victim of our terrible housing crisis. The problem I have is the pretentious wording, that makes you dry heave. But you guys, its a New York Times article, LMAO! Everyone who writes for the Times is a rich, pretentious *. Sorry for these people, but wrong way to garner sympathy.

  • shelaur22

    The 47-year-old female writer/director could be Lisa Cholodenko. I don’t have any guesses about the soap actors.

  • ShockingBlue

    No clue BG, but the house you chose for the photo isn’t in LA, it’s in Dallas. Some friends of mine live there and I have been in it many times. In fact, I used to live on that block. Small world.

  • amagod121

    Don’t know who, don’t want to know who because it’s too painful for them for this to become known, I’d imagine. I just feel badly for them or anyone else who has faced this.

    What recovery?!???

  • danneka

    not sure who the screenwriter/director is but that’s very sad- soaps are dying one by one replaced by crappy reality (cheap) shows. maybe actors from days of our lives?

  • MoeschaB

    very sad. its happening all over. “WHAT recovery!?” is right!

  • wammes49

    actors from ‘Dallas’?

    • BlindGossip

      We don’t think there’s any Texas connection. The photo is just a mansion with a foreclosure sign that we found it on the internets. It’s just a coincidence that some of our readers know the house. Love, Ace

  • terry123

    All My Children and One Life to Live were cancelled so prob soap stars from one of those shows were her neighbors…

  • NotoriousDiG

    Director/Screenwriter: Valerie Breiman
    Soap Actors: Arianne Zucker and Kyle Lowder

    Very sad – and Hilary DeVries shouldn’t be writing articles about her neighbors when it’s way too easy in this day and age to figure out anyone’s address.

  • ummidk

    the new york times is just one huge blind gossip column

  • HotTeacher88

    It is sad. It’s even harder to go from having a lot to having little. I feel bad for them.

  • CoCoJoe

    I’m not judging, just asking: how do you get to foreclosure? Wouldn’t you liquidate your home while you still own it and find a rented apartment to live in? I get that anyone could encounter financial disaster, but wouldn’t you see it coming and make drastic lifestyle changes avoid such a situation?

    • knowitall

      Have you tried to “liquidate” (sell) a house lately?

    • Deep-Sigh

      Sure buying more that you can afford is one reason for fc. another reason for foreclosures is owners being “under water”, meaning folks owe more on the house then it is currently valued. So, if you bought a property at 5M and it’s now only worth 2.2M, you might choose to go into foreclosure because you’re not going to get 5M for it and the bank might not let you sell it for 2M. It’s still rough out there…..

    • ShennanigansOHoolihan

      If you stop paying your mortgage, after about 2-3 months of missed payments on your mortgage, your mortgage company retains attorneys to assist them in publishing the foreclosure and actually foreclosing on the home. The attorneys generally contact you to remind you you’re behind (HINT: You probably know) and let you know exactly how much you need to pay to catch up (principal payments, late fees, attorney fees, and sometimes escrow shortages). If you do not respond they set a foreclosure sale within a month of the file being handed over to them. The sale notice IS posted on the FRONT of your door. I would imagine it’s very shameful and have had clients call me asking what they can do to keep the Notice from actually being taped on their doors. Unfortunately, there’s not a way to keep that from happening.

      When your home goes to sheriff’s sale your mortgage company may buy the property back for what is called a “full credit bid”. At this point they own the home, and you are not responsible for any deficiency balance (unless you have a second or third mortgage – they will most likely sue you for the deficiency that you owe them). If your mortage company doesn’t do a full credit bid, investors will try and buy your property for the lowest possible amount. In Michigan (where I live), you have a 180 day period from the date of the sheriff sale to live in your house mortgage free. This is called the “right of redemption period”. By law the mortgage companies have to give you the opportunity to redeem the property and buy it back.

      Because of property values now, many people are underwater on their mortgages. Their only option to get rid of the property without letting it go to foreclosure is short selling it (selling it for less than is owed on the mortgage – these sales have to be approved by both the seller/owner AND the mortgage company). If you ever choose to short sale your home, make sure you work with someone reputable to make sure you really are off the hook for any deficiency balance. IF you have a second mortgage, you DEFINITELY want to have an attorney or someone knowledgeable review the paperwork or you may walk away from your first mortgage, but still get sued by the second. They will generally settle for a nominal percentage of what you owed them.

      • PinkFlamingo

        Actually, the foreclosure notices are not posted on front doors in all states. Similarly, deficiency balances are also allowed in some states. Also, the foreclosure sale is not always within 30 days in all states. I am in Georgia. Foreclosures are always on the first Tuesday of every month, provided that legal notice of sale has run in the legal organ of the county where the real property is located for four (4) consecutive weeks prior to the sale. However, all of the other information you have given is generally true, at least in the states where I have practiced. Whoever this item is about, I am very sorry to hear about it.

  • Jordan Joelle

    I am confused and have some questions. Is this in NY or is it just the Times reporting on a story not in their state? Are the soap couples married or are they some actors that star on soaps that live on the street?

    • Jordan Joelle

      If it is California, and married stars of soaps. I am going to go with Rebecca Hurst and her hubby, Scott and Melissa Reeves from GH/DOOL. Babe and Jaimie from AMC. That couple that are on DOOL.
      If it is a NY couple, Cassie Depaiva and the guy who played Max.
      It is a shame, that the ABC soaps had to end. Corrupt head of ABC Daytime and bad writers ruined them.

You must be logged in to post a comment.