Octuplets’ future home in default
Octuplets’ future home in default
On Feb. 5, 2009, Indymac Federal Bank filed a Notice of Default against the Los Angeles home owned by Angela V. Suleman, mother of Nadya Suleman, whose plight since giving birth to octuplets through in vitro fertilization has been the subject of much public debate and news coverage over the past few weeks.
Suleman currently lives in the home with her mother and other six children, but is expecting to raise all 14 children there, according to a report by CNN.com.
Located on Sunrise Drive, the home, which is currently in the early stages of the foreclosure process, is listed on RealtyTrac which shows Suleman's mother in default for $23,224 on the 1,559 square-foot, three-bedroom two-bath home built in 1964.
The property’s lien and loan history on RealtyTrac shows that Suleman purchased the home on March 20, 2006 for $605,000. Current estimated market value of the home, according to RealtyTrac, is $427,915. The home has an outstanding loan balance due of $453,750.
A copy of the NOD was posted on the celebrity news website TMZ.com. A declaration attached to the NOD states that Indymac was not required to contact Angela Suleman about the default, discuss her financial situation or explore options to foreclosure with her because she has already filed for bankruptcy.