'10

Octomom was pretty vague about her financial plans for the future when the ladies on The View questioned her repeatedly about it. When she wasn’t cackling maniacally she was using psychobabble to justify her insane lifestyle, claiming she was in “denial” and thought she was just going to have one more baby this last time and “I could earn enough money as a counselor to take care of them [all seven, if it was just one more].”
TMZ reports that, just like the last home Suleman shared with her parents, her latest home could be foreclosed. She’s behind on her mortgage payments and failed to make an agreed-on $450,000 balloon payment. From what I understand, balloon payments are negotiated in order to secure lower monthly mortgage payments. Some homeowners have been scammed by fine print balloon payment terms in contracts. In this case, given Suleman’s history of bankruptcy and lying and scamming, we can probably assume she knew about it and failed to make the payment.
Octomom Nadya Suleman and her 14 kids may become homeless … because she’s fallen behind on mortgage payments to the tune of more than $450,000 … this according to the person who holds the note on the property.
Octomom bought the La Habra, CA house in March, 2009. The seller, Amer Haddadin, transferred title to Octo’s dad. In return, Octo and her dad were required to make monthly payments of $4,139 for one year. On March 10, 2010, a balloon payment of $450,000 was due.
A rep for Amer tells TMZ Octo hasn’t paid the $450,000. And, he says, she didn’t make the last $4,139 payment. He also says, she’s been late on three other recent monthly payments. Amer says he “tried to handle this in a gentlemanly way” but unfortunately it’s come to this.
Amer’s rep says he intends to initiate foreclosure proceedings against Octomom.
[From TMZ]
I feel sorry for this woman’s 14 kids, but they’re already majorly screwed with that whack job as their primary caretaker. Hopefully she’ll keep some of the nannies around for continuity. Hey, if Octomom needs some cash I’m sure Vivid would make good on their promise to pay her a million bucks to shoot an adult film. It would pay for the home and give her enough left over to keep her staff - if she doesn’t blow it all within a couple of months. Barring that, she can always go back to stripping.
























