[SoFloFreeper]

Why should friends of Obama be required to pay their bills?

Ridiculous.

Someone ought to prosecute that bank for predatory lending practices. They probably lured poor Dwyane Wade into signing those documents.

[Dr. Ursus]

Mortgages be’s racist!

[Texas Eagle]

He’ll be flat broke five years after he retires anyway. Might as well get a head start.

[yldstrk]

Wife got the house and legal responsibility for the payments

[JimRed]

The mortgage amount is less than 20% of the estimated value. Is he willing to walk away from over 80% equity? Strange!

Has it been on the market and unsold? Has the value declined and is he more willing to be foreclosed than to take a loss? Again, strange!

[Robert DeLong]

Dwyane and then wife Siohvaughn lived in the house with their 2 kids until he filed for divorce in 2007. The divorce was extremely bitter ... he ended up getting custody. She lives in the house alone. Dwyane's attorney tells TMZ ... the basketball star finally reached a financial settlement with his ex-wife last year, and in addition to getting a huge payout, she got the home and assumed the mortgage payments. The attorney says Siohvaughn just stopped paying.

The lawyer adds Dwyane has no further responsibility, but it seems likely he signed the mortgage papers in the first place so, as they say, tell it to the bank.

So apparently she is trying to milk him for some more money.

[expat2]

Nothing to see here, seriesly. ;>)
In the divorce, she got the house and the payments on the mortgage. It's no longer his house, he's off the hook, she can't afford the payments so it's time for foreclosure.

[PoloSec]

Would be interesting to see how much he gave to obama in campaign contributions.

[dfwgator]

“Obama gon’ pay my mortgage.”

[woweeitsme]

Sounds like a pretty misleading article.

[DJ MacWoW]

FR Needs Donors To Survive

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[camle]

pal of mine got divorced and she got the house. after a few years she stopped making the payments. seems that due to her credit, the bank didn’t put the lien in her name only, and therefore went after HIM for the arrearage.

he eventually got HER to quit-claim and vacate, and now he owns it (and the mortgage).

when i got divorced, my bank took her name off of the mortgage as soon as i showed them the decree because my credit was fine.

but what do you do when the bank can’t or won’t take your name off the mortgage even if the judge awards the house to the spouse?

[PAR35]

Care to translate the headline into English?

[CSM]

I doubt that Dwayne Wade is personally writing checks for any of his bills. I would think he would have an accountant, or some such representative that handles these things. Or it could have been on autopay and he forgot to renew....