Wednesday, June 11, 2008

Shaq To Rescue Orlando Homeowners Facing Foreclosure?

In Orlando, Florida, the Orlando Sentinel reports:

  • Shaquille O'Neil says he wants to build a legacy -- literally -- in Orlando. The NBA star said he is working on plans for real-estate-development projects in Orlando, with an eye toward helping those who are facing foreclosure on their homes. "I want to come in not to kick them out, but to work with them and save them so they can stay in their homes," O'Neal told the Orlando Sentinel during an impromptu stop Tuesday at Orlando City Hall.

  • Attorney Mark NeJame, who arranged the visit along with longtime friend and Realtor Curtis Cooper, said the star center wants to buy the mortgages of homeowners who have slipped into foreclosure because of high interest rates. He would sell the homes back to those troubled buyers with more affordable terms, hoping to make a small profit.

For more, see Shaq: I can help homeowners fight off foreclosure.

See also, Shaq's Heart Still Here. . .With Town He Deserted.