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Shaquille O'Neal wants to help Florida foreclosure problems

Profile picture for Staresce

Shaq said he wants to come up with a plan to help those in Orlando facing foreclosure. He just doesnt know what that plan is yet. He wants to buy homes and then give them a better term on the mortgage. Should be interesting .

 

Thousands in Orlando want Shaq to help with mortgages

 

Lisa

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June 17 2008 - US

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Profile picture for Spec_T
Real Estate Agent
Contributions: 2849

Shaq Savings and Loan ?

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June 17 2008
Profile picture for Staresce

Lol or Shaq banruptcy maybe he should be careful on this one.

 

Lisa

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June 17 2008
Profile picture for BMFPitt
Contributions: 1130
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Since April 2009

Housing crisis solved!

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June 17 2008
Profile picture for Staresce

Yes every rich celebrity with a big heart ( and a really big bank account ) should now chip in to help homeowners facing forclosure ... it will be in vogue :)

 

Lisa

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June 17 2008
Profile picture for JimSulli456
Real Estate Agent
Contributions: 2863

Fads can help things.  Look at this "Green" Fad that we are in.

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June 17 2008
Profile picture for Staresce

Jim that is one fad I hope continues a long time. As long as its a legitimate desire to help homes be less toxic and not a gimmic by a company I love it.

 

Lisa

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June 17 2008
Profile picture for JimSulli456
Real Estate Agent
Contributions: 2863

I agree...I hope it continues.  I do think that it's a legitimate cause, but companies see it now as a pay day.  Eh, it brings good results so who am I to complain.  I guess this Shaq thing could work...but there may be problems.

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June 17 2008
Profile picture for Staresce

Oh yes there will be a problem or two, just wait until he realizes he wont be making even the small profit he hopes to.

 

Lisa

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June 17 2008
Profile picture for julia111x1
Contributions: 2575

I thought he split from his wife?

I am surprised the ex-wife left him with any money.

They had a big litter of kidlings.I hope his heart is the right place and he can be help to people who need it.

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June 17 2008
Profile picture for Staresce

I think his heart is in the right place . I dont know much about his personal life at all other than I once heard his father abandoned the family when he was growing up and when he tried to come back into his life when he was famous he ignored him.

 

Lisa

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June 17 2008
Profile picture for SoCal BubbleBrain

He needs to realize tha many of those fools got in over their heads for tryng to be like Shaq. 35k millionaires courtesy of the housing bubble.

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June 17 2008
Profile picture for Staresce

Yeah its funny to read the messages under the article on their message board ( I dont know if you all can read it I registered for the orlando sentinel and can ) . Most people dont really think he should be doing this .

 

Lisa

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June 18 2008
Profile picture for Jdahleen
Mortgage Lender

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Contributions: 19

Actually he could do this with the same type of plan that Fannie Mae Home Saver is doing. Short term loans to get people current on there mortgages and work with them and the lender to offer modification of the current terms.

 

Shaq would have a great investment and the borrower could use the cash to help with leverage over the lenders. Lenders would bend over backwards to help the clients with a really good modification of terms if they could bring the loan current.Cash is King.

 

Way to go Shaq.

My company has a servicing company www.acqura.net which is part of Hope Now and we would love to talk with Shaq. Tell him to call me.

https://www.efanniemae.com/sf/servicing/homesaveradvance.jsp

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June 19 2008
Profile picture for Staresce

Jdahleen I may live near Orlando where Shaq was when the article was written but I have no special knowledge of how to contact him any better than you. You call him lol.

 

Lisa

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June 19 2008
Profile picture for jdsdaddy
Contributions: 504

Shaq should just get sponsors to donate a thousand bucks for every free throw he misses.  Problem solved.

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June 19 2008
Profile picture for Staresce

I thought he didnt play anymore ?

 

Lisa

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June 19 2008
Profile picture for jdsdaddy
Contributions: 504

Some people would say he stopped playing two years ago :-).  He actually played for Phoenix last year after being traded by Miami. 

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June 19 2008
Profile picture for Staresce

I dont know much about basketball other than they are very tall :) lol.

 

Lisa

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June 19 2008
Profile picture for brtlmj

I do not see how this could work - unless he buys the mortgages at a substantial discount.

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June 19 2008
Profile picture for Staresce

I didnt expect it to work I just expected him to lose lots of money trying to help people. I wonder if he even realizes just how much money he will lose? Anyone want to guess?

 

Lisa

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June 19 2008
 

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