Lisa Wu Hartwell Joins the ATL “Foreclosed and Loving it” Club

Posted on August 11th, 2009 - By Bossip Staff

Categories: Ho Sit Down, Lawsuits, News, The Hood Life, When The Checks Stop Coming In

lisa

Bossip has learned that Lisa Wu Hartwell’s ATL house was just foreclosed.

Looks like Lisa Wu Hartwell is now an official Real Housewife of Atlanta, her house has been foreclosed. She and her washed up football player of a husband were asked to pack their sh*t and get out of their ATL mansion last week.  Apparently, the home had lost face value and the couple wanted to reconstruct the loan.  The bank has since sold the home for $1.9 million, the couple paid $2.9 million for it in 2007.

Lisa is no stranger to hard times, since she has filed for bankruptcy in the past. She has no worries about resting her head, and has since found a new home which she owns that sits on 10 acres.  Why is it that these ladies can’t seem to pay their bills but constantly brag about doing it for themselves?  Only thing they seem to do right is lay down, make babies and burn up the metal strip on their credit cards.

Debt+No Money= Flat A** Broke housewives.  Do the math, if you’re smart enough, but this does explain why Lisa was big pimpin in a Nissan Aramava.

  • Allison Mae

    Say it ain’t so!!! Love Lisa and Ed together!!! They will be alright.

  • Frog-a-licious

    Crazy!

  • Slide Like A Fresh Pair of Gators

    Doesn’t she sell real estate?

    She sells homes and can’t even keep her own???

    Well at least her husband can make a mean bowl of chicken soup…

  • MsRitababie

    What did she do with all the real estate money she was makin

  • tb

    Not Lisa…she was like the only one I like on TRHW-ATL.

  • PO10TiAL

    She pretty. Save your cake my people.. save your cake!

    “It’s a recession, Everybody broke!” — Young Jeezy

  • free

    lol at kim the only one STILL in her house! poor ed, his time is almost up. i guess she will not be having that second baby!

  • Loch Ness Monster

    Awww, that’s sad. I like Lisa.

  • Speaking the truth…

    She kept it real somewhat…she was like NBA money is guaranteed…NFL is not..she said that herself…so I am sure she knew her situation…I mean things cant be all that bad if she went from that to 10 acres…???right??

  • I AM LEGEND ( A Wise Man Told Me Dont Argue With Fools)

    I have no clue what this show is about..what channel does it come on??

  • http://www.myspace.com/mscreative101 mscreative

    Oh my, I thought she was on her “A” game!

  • 1TruDiva w/the PlatinumVocals—Pimpin, Platinum style!!! J-Hud’s concert was OFF THE MEAT RACK!!!!!!!!!

    That is the one they let go, right?

  • PO10TiAL

    @anon09

    They already on it.

  • blackbeltshopper

    When she said “Ed got let go” last season I knew it was a wrap!!Another case of EYEs bigger than the wallet…I notice how lisa was slow to respond about another baby too…I bet Keith Sweat is somewhere laughing…No man is above humble pie.

  • blackbeltshopper

    @Slide Like A Fresh Pair of Gators..”Well at least her husband can make a mean bowl of chicken soup”..STOP!!!!my side hurt…

  • Loch Ness Monster

    1TruDiva,

    No, you are thinking about a different chick. The one they let go was way too civilized and normal for the show. They needed a person who acted more like a circus clown.

  • DAYWALKER( OFTEN IMITATED, NEVER DUPLICATED!!!)

    WELL, SHE DOES HAVE A NICE RACK……(JUST SAYIN’)

  • CAT EYES

    Well at least her husband can make a mean bowl of chicken soup….
    ________________________________
    @ Slide like a fresh pair of gators
    You know you wrong!!!lol

  • I dont’ really care but…..

    You mean BRAVO got them a house on 10 acres (just like they did for the rest of those tricks).
    Please……Ed is soon to be history…mark my words.

  • THE TRUTH

    @Slide Like A Fresh Pair of Gators..”
    what up boy u r a nut u made my morning lmfao

  • MochaGoody

    I assume non of you that have made these comments actually own a house because if you did, you would understand why the best thing for your was to let it forelcose and buy another…

    since the bank did not want to reconstruct her loan and the market valuse was $1 mil less than the purchase failure, she would have to give up $1 mil of her own money so someone else would buy it… WHO THE HELL WANTS TO DO THAT??? letting the bank take it, she keeps all her money and is able to buy something bigger and better because the market IS so bad… they can get that ding erased from their credit…

  • Love

    Oh no! I am sorry to hear that. I like Lisa. It’s crazy that this happend after NeNe moved to her neighborhood…

  • Alrighty Then…

    @mochagoody –
    Lisa Wu- purchased in 2007 for 2.9

    Sold in 2009 for 1.9

    a million dollar “ding” can be erased?

    If it was that easy, we’d all be in foreclosure. My value has dropped as well, but it would seem like a smart and financially secure individual would ride it out and sell AFTER the housing market rebounds, as it always does.

  • Domi

    @ Alrighty Then

    Well what you said is half true b/c all the different seasons of Housewives , especially NJ and NY features shady, arrogant, phony people. It just so happens that the Housewives of Atlanta and Orange County seem to live off their husband’s income.

  • Alrighty Then…

    @Samantha – and just who do you think is going to pay the 1 million left on Lisa’s loan? The bank is just going to write it off??? Debt like that doesn’t just magically disappear dear.

  • Haters

    A lot of haters come on here bashing people who lost their homes to foreclosure. I suppose a lot are ones who could never afford to own a car much less a home. Keep in mind some homeowners are losing their homes not because they are broke but because the home is not worth the purchase price it was valued at by greedy real estate industry devils. Why continue to pay for a home that is now worth 4x less than it was purchased for; its common sense. I think most people are envious these people have an income that allows them to enjoy a better lifestyle and are taking joy seeing them in pain. The real pain comes from people wishing they could enjoy a taste of that lifestyle or live a little bit better then their current situation allows. They feel good seeing misfortune on people who they are a bit more well off. They are externalizing their preceived personal failures because they have not attained the status or security a decent income allows.

  • Well…Alright

    The Hartwells’ had to vacate, just last week, on August 4th. The home was a SHORT SALE for $1.9M. Kandi Burruss is the only ATL Housewife that actually owns their own home. I see why Kandi says that she just lives simply and doesn’t over-indulge. We looked at the documents online and noticed that Lisa was not listed on the deed with her husband Ed. A Rep. for the Hartwells claims that they have paid CASH for a home on 10 ACRES and OWN IT!

  • Alrighty Then…

    @Domi – I think most of them do live off of their husbands, even the ones who manage to run a boutique or have some other income. What I said applies to the husbands too! Why can’t we as black FAMILIES manage our money better? I won’t put it all on the women, because it’s not their money (really) in the first place, but they are the ones (in this situation) doing all of the flossing.

  • DCC

    Well she has another home now so it’s all good

  • liyah76

    lets not be too harsh on her, losing your home especially with the eyes of the public on you can’t be easy.

  • Samantha

    Blacks aren’t the only ones who have lost their homes to forclosure so Alrighty then speak for yourself.

  • Well…Alright

    Whoever is saying that the home was a FORECLOSURE, are not telling the truth. The home was sold via a SHORT SALE! The problem with a “short sale” is that the difference even if the bank can’t come after them for the difference between the value of the short sale and the mortgage amount, the IRS will hit them for hundreds of thousands of dollars in taxes on the sale. Next years’ taxes will be very tricky for Ed.

  • Sloppy Seconds are for Losers

    In this economy, I can’t believe anyone finds it funny to laugh at someone losing their home.
    Everyone is just one check away..from being homeless.

  • Well…Alright

    @Alrighty Then….The best thing that Ed Hartwell could have done for his family was to let the house go. That whole area of Duluth has lost so much home value. Furthermore, Lisa wasn’t on the deed to the home.

  • Lady J

    Everyone has been affected by the housing crises…Quietly kept; it’s more whites that are affected….give yall a clue…anytime it’s on the news regarding a crisis it involves the majority (whites), because the black community has been in a crisis for decades, and we get minimal press about it….So, don’t talk about the blacks in this crisis….it’s the whites…jus say’n

  • county50

    she’s really pretty…

  • T.

    Folks should recognize what athletes are “paid” and what athletes are not. Ed should have never left Baltimore. How many dudes except Adalius Thomas have left that Ravens defense and got paid and did well elsehwere?

    Add to it, that their contracts aren’t guaranteed and they rely on signing bonuses. Then you got to pay your taxes, your agent and financial advisors if you got them. Then you buy that million-dollar home with all of the maintenance fees, taxes, etc. Then add to that the cars maintenance, child care, private school, etc.

    Is it by design or is because they don’t get in trouble like this, why you don’t here about white football players having money problems. Most of their problems tend to be drugs or some other addiction. It appears that white athletes are more conservative with their dough and don’t need the blink, the house too big for them, and the fleet of cars.

    Is it inherent in black folks that once they get their dough, they have to show off? Why do you need a million-dollar+ home with all of those rooms and it’s only you, the wife, and a kid or two that you don’t spend alot of time in? Why the expensive cars that have no real true value unless it’s a classic or something you spending six-figures plus for that requires high-dollar maintenance??? What’s wrong with something just big enough for you, your wife, and a kid or two, with a nice basement, a regular swimming pool, a car for her, a car for you and a family vehicle?

    Success teachers always say that you should surround yourself with successful people or people more successful than so that you can learn from them and grow. Most black athletes, rappers, and others surround themselves with people who are not as successful as them, typically their “boys” or “homegirls” and are tend to be too busy trying to “show off”. Not saying you should forget your people’s but you should also surround yourself with a Kenneth Chenault, an Oprah, a Richard Parsons, a Russell Simmons, etc. and other folks that are “really” successful. Black folks that are “really” successful and have real wealth and power.

  • Alrighty Then…

    @Samantha – The question should be, why did you buy a house that was a milli overpriced?
    I am simply asking you, where do you think the 1 million dollars left on their LOAN after the sale of the home for 1.9 went? Did the bank forgive the loan and erase the debt? If so, tell me how to do this cause I want to sell my house RIGHT NOW. I may sound stupid, but I’ve yet to hear of mortgage debt magically disappearing. You are smarter than me, so tell me how to do it.

    @ your 2nd comment – I didn’t say blacks are the only ones to lose their homes to foreclosure. I said black people want to live outside their means. Comprehension is key.

  • Well…Alright

    Here’s the short sale document:

    http://www.aolcdn.com/tmz_documents/0810_wu_doc.pdf

  • Chocolate Wisdom

    @Well…Alright

    Whoever is saying that the home was a FORECLOSURE, are not telling the truth. The home was sold via a SHORT SALE! The problem with a “short sale” is that the difference even if the bank can’t come after them for the difference between the value of the short sale and the mortgage amount, the IRS will hit them for hundreds of thousands of dollars in taxes on the sale. Next years’ taxes will be very tricky for Ed.

    ————————————
    Believe it not, Bush signed a lw into affect that any residual debt from a SHORT SALE, cannot be passed on to the original debtor nor can they be charged taxes on it as income….

    Again, that fine azz sista may be shrewer than ya’ll think. She probably saved a few milli to buy something in Ed’s name or one of the business names…

    Get educated so you can get paid…

  • http://bossip secret

    Gosh people!Every race has experienced financial difficulty.It’s not a Black issue or we have to do better.The economy is suffering.Give credit to the women for being productive citizens and trying to run their own business.STOP saying we as BLACK people,speak for yourself.My black family is doing better.We all need to better as a human race.My skin doesn’t determine how I manage my money,but my mind does.So to all races let’s manage our money better!!! I see white,black,asian,indian,puerto rican etc. homeless,applying for assistant,losing homes too.So get off of the one Black represents ALL Blacks!!!When ED lost his home,I didn’t hear nobody saying we as white families need to manage our money better.We are more than a small community,I can’t be held accountable for every BLACK person actions!!!!!!!!!!!!!!!!!!!!!!!

  • happy

    The bank will only allow a short sale when there is an economic or financial hardship. Both houses are(were) in Ed’s name. Ed couldn’t file bankruptcy because he has property in Jackson County, the property her rep is referring to in the statement. She is not very business savvy. The women filed bankruptcy because she owed Keith Sweat $50,000 and claimed she couldn’t pay her rent in 2007.
    She just got caught up in the Atlanta ‘myth’ like so many black people who move down here. What’s wrong with a $300,000-$500,000 house, a 300 series BMW, and using the neighborhood pool. That’s what a lot of upper middle class black families do/

  • Angel

    All of em just need to go back to the hood and call it a day! Buy a nice regular house with a regular picket fence and SAVE, SAVE, SAVE they damn money! LOLolOLOL!

  • http://Bossip.com This some shhh..

    Are yall telling me that the bank sold the home for a million less and they are not on the hook for the remaining balance of their loan?

  • http://Bossip.com This some shhh..

    And wouldn’t the bankruptcy claims have to have been filed over 2 years ago, before they changed the laws? Because now, that take all assets to repay the debt.

  • Alrighty Then…

    @This some shhh.. – THAT is what I’m trying to figure out! Tell me the secret!

  • http://BOSSIP MZLEAVEITALONE

    @T. Well said.

  • Tabetha

    We all go through hard times! God closed that door but already had the other one opened!

  • Tabetha

    Love you Lisa!

  • http://Bossip.com This some shhh..

    Alrighty Then…

    @This some shhh.. – THAT is what I’m trying to figure out! Tell me the secret!

    ________

    I don’t know, but I needs to find out. Just in case I need options down the line. I looked at this the same as a car purchase. If it’s repo’d and sold, you were on the hook for the difference.

  • Nique

    @Haters

    If I didnt know any better, I think you might be one of the ATL “Housewives”….nah none of those ladies are capable of writing anything intelligent…

  • …….

    Deshawn was let go from the show, not Lisa.

  • keke

    Love Lisa Wu Wu Hartwell. Wish her the best. Shake the haters off!!

  • blackbeltshopper

    I dont hate on them it’s a bad place to be in But, it could’ve been easliy avoided by saving and living in a beautiful(affordable)home…But the same way you flaunt it in public is the same way you lose it in the public…

    If she wasnt bragadocious about the home then it wouldnt be a issue about losing it or as some people said “giving it up”….otherwise,they would just be another couple w/hardships as we all face from time to time…..

  • L

    BlackSuperior is correct! I peeped Lisa in the first few episodes. She is phoney….pretending to bring everyone together while making snide remarks on the side. If you remember that episode at the birthday party when she asked NENE to take pic with her and Sheree knowing full well Sheree didnt want to. Sheree and NENE were beefing and NENE comes over in her true fashion and jokes with them and calls them “B*tches”. Well as NENE leaves Lisa tells Sheree “did she call us b*tches…i dont like that.” Just simply starting s*it!! She is full of it!!! NENE was being NENE and she decides to tell that to the woman who cant stand her at the time.

  • Chocolate Wisdom

    @This some shhh..

    Are yall telling me that the bank sold the home for a million less and they are not on the hook for the remaining balance of their loan?
    ———————————————

    That is correct. The bank didn’t lose. When you get a mortgage with less than 20% down payement youhave to get Morgtgage Insurance.

    It will be either FHA or PMI (Private Mortgage Insurance) Either one pays the bank the difference in loss on a shortsale or foreclosure. If it was a “Jumbo Loan” (Greater than $400k) they had excess PMI. The bank did not lose a dime…

    I’ma try to learn ya’ll somethin today…

  • SHARON

    LISA WU HARTWELL BUSINESSES ARE ALL FAKE FOR REAL. LISTEN UP I ORDER FROM HER WEB SITE HART2HART BABY WHICH SHE HAS BABY SOCKS ON THERE…VERY CUTE I MIGHT ADD. I ORDER 2 PAIRS OF SOCK FROM THERE TO BE SENT TO MY NIECE ADDRESS…SHE NEVER RECIEVE THEM. SO I CALL THE NUMBER I HAD FROM THE WEB SITE AND IT WAS DISCONNECTED…SO I CALL MY PAYPAL ACCOUNT AND ASK FOR A REFUND GAVE THEM RESEON FOR THE REFUND. RECIEVE MY MONEY BACK ALSO. I REPORT HER BUSINESS TO BBB AND GAVE THEM WEB SITE ADDRESS PLUS PHYICAL ADDRESS AND PHONE NUMBER. I JUST EVERYONE OUT THERE TO KNOW THAT HER BUSINESS IS VERY BELIEVE BUT IT’S A FAKE FOR REAL. JUST TRY TO SUPPORT I THOUGHT WAS A BLACK ON BUSINESS. BUT I WAS WRONG.
    LISA WU HARTWELL GET YOU STUFF TOGETHER.

  • WTF???

    A LOT of people who sold real estate for a living are living on hard times now. How can you make money if you aren’t selling?

    And as far as her husband, that’s why he was ready to relocate in a heart beat. Too bad he was dropped right after he thought he had the job and yet they’re trying to have another baby.

    Eric Snow’s wife (while as clueless as she can be) was right when she said “y’all money isn’t guarantee”).

    Damn.

  • brenda black

    lisa seems really triffling to me, maybe its the asian in her but she seems really shady, rarely do men get custody of the kids and I think its just weird her first husband has the children. the other thing, she claims to have so many businesses going yet she had filed for bk and now a foreclosure and I read she has a mortgage out on that new residence, something seems shady.

  • Stacy

    YOU ARE SPOKING THE TRUTH>>>>love 6am

  • James

    Looks like lisa did a smart move, I’m sure this wasn’t about affordability. She wanted to take advantage of the market and get her loan reduced from 2.9 to 1.9 million. The bank said NO, so they said ok you can have it. We’ll just buy a better property with our money since you don’t want to restructure the loan. So, Ed and Lisa are either broke or they viewed this as a business transaction and made the best out of the housing market

  • http://Bossip.com This some shhh..

    @ Choc. Wisdom

    Thanks homie. I got some researching to do. Appreciate that.

  • AfroMiz

    All of them has been in foreclosure BUT Kim! Hmmm…I guess opening her legs to married men wasn’t too bad of a gig…kept her house from being put up for sale.

  • Unbought_and_Unafraid

    @Its6amHoGetOut, Fridays are now “ask 6am anything day”
    ++++++++++++++++++++++++++++++++++++++++++++++++++++

    The unvarnished truth. I might also add that most men who are well off and didn’t inherit money are NOT interested in a woman who is just looking for a meal ticket — WHITE men or BLACK men — they are looking for an intelligent woman who will be an asset in life.

    A smart guy — WHITE OR BLACK — isn’t looking for a useless trophy to cost him a fortune in a divorce settlement. If you don’t know that, then you obviously haven’t known many smart guys.

  • Its6amHoGetOut, Fridays are now “ask 6am anything day”

    Thats “China closet” people!

  • http://latest.coolpage.biz/?p=5007 Latest » Lisa Wu Hartwell of R.H.O.A. Loses Her House

    [...] Wu Hartwell is now an official Real Housewife of Atlanta, her house has been foreclosed. She and formber football player (not by choice), Edgerton Hartwell have been [...]

  • ValleyGirl

    I support this move by Hartwell.
    If the banks refuse to negotiate terms of the loan, or write it down to ensure people will continue to make payments on a house that could have lost half its value – give it back.

    Sure, you may take a hit to your credit for a few years, but you tried. And, certainly, banks are not holding up their end of the bailout deal by hording tax payer funds or using tax payer funds to hire PR agencies to clean up their image.

    Banks should be using that same money their wasting to offset the cost of writing down loans and bringing people ‘above water’. Until they understand that they took money out of my parent, my, and my future great-grandchildren’s hands due to mismanagement and inanity, I say use whatever power you have. Offer to work it out, if they refuse, I’ll support give=ing it back 100%!

    I hope her lender enjoyed taking the 1 million dollar hit with the jingle mail, meanwhile, she’s fine.

  • ROCKKIE

    WHEN THE SHOW FIRST STARTED SHE WAS WALKING AROUND BRAGGING ON HOW THEY WANTED THEY YARD AND THE INSIDE OF THE HOUSE DONE. HOW SHE DESIGNED THE HOUSE. NOW SHE GOING TO WALK THROUGH AND SHOW US HOW TO PACK UP THE BIG HOUSE. SHE IS SHADY ON THE SHOW LIKE 2 FACED

  • Say What?

    That’s what’s up T! I loved the words of wisdom.

  • MNG

    @ the Truth…. from what i have read, i have to concluded that u are an ignorant little self-hating stereotypical s***. how dare you paint all black men with the same brush!
    the black men in my family, who i work with and go to UNIVERSITY with are intellegent, going some where and without criminal records. but people like you and of different races who do not expect much of us (not everyone) make attempts to bar off are chance to attend educational/financial/social events because we may, in particular black men, “comin’ in startin’ shit”. YOU and your warped attitude is 500 times worse than that of a man/woman of another race with the same attitude.

    Finally, why the hell did you have to turn this into a ‘black men can’t do anytihng right..’ situation?! from what i got from the show, her husbands seems like a wonderful loving husband, who is lucky enough to be married to a woman with business/money smarts-why do we women feel we need to have men take care of us and our families financial almost completely?

  • Opeth

    It was obvious that she was living beyond their means. She didn’t want Ed to play football but it was painfully obvious that the major source of funds in the household was his NFL check. Lisa talks about being a ‘business woman’ but seems to spend little time actually being one. I wish them both the best but they need to be realistic.

  • http://www.madamethejourney.com Madame

    HOUSWIVES WITH NO HOUSES, HOW DREADFUL!?! …

    lol …

  • Cherie

    Is anyone who takes out a mortgage instead of paying cash for their house living beyond their means?

  • brenda black

    @madame

    how true and lol-tastic

  • *ballerina*

    im guessing it was in her best intrest to let the house go…people aren’t buying homes like they used to anyway

  • http://www.twitter.com/the_shoparazzi THE SHOPARAZZI

    it’s not her fault that keith sweat isnt paying nas-support.

  • http://chanelnews.org/lisa-hartwell.html Lisa Hartwell

    [...] Kim Zolciak and Sheree Whitfield make up the drama-filled peaches of "The Real …   Lisa Wu Hartwell Joins the ATL “Foreclosed and Loving it” ClubLooks like Lisa Wu Hartwell is now an official Real Housewife of Atlanta, her house has been [...]

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