Real Estate Foreclosure News

Business Insider

Elon Musk seems to be making a lot of headway in real estate as well. According to Business Insider, the home that once belonged to Gene Wilder, and later Elon Musk, is listed at nearly $13 million. The Bel-Air home of Gene Wilder, the late star of "Willy Wonka & the Chocolate Factory," is heading to foreclosure, with Elon Musk's team moving to reclaim the property after missed payments from Wilder's nephew and his wife. It's interesting to see how this story will develop and the involvement of Musk in real-estate.

In other news, a private equity-owned company is being sued by The Department of Justice and eight states due to their involvement in a national property management cartel that has sent rent through the roof, causing an explosion in homelessness. This is a great example of how economic policies can have a real and lasting impact on the population.