Celebrities Losing their Homes to Foreclosure

8 Aug

black wealth, african american wealth, black news, african american news, black celebrities

Renee Greene, Your Black World 

According to Foreclosure.com’s “Distressed Real Estate,” as of July 2011, several famous, and infamous, persons are in the midst of foreclosure and possible foreclosure.

The illustrious AB-(auction block) List includes the following personalities: Cindy (John) McCain’s childhood home in Arizona; R. Kelly’s house in Chicago; Carnie Wilson’s house in Los Angeles; Peggy Tanous’s Irvine, CA home; and Khalil bin Laden’s (yes, Osama’s brother) abandoned home in Oakland, FL. Prince’s home in Chanhassen, MN almost made it to the Carver County auction block in May, when Prince came up with the full amount needed to pay the mortgage off. He now owns his home free and clear.

As of March 2011, “Neverland,” the infamous Michael Jackson estate in Los Olivos, CA, was still in mortgage limbo; and Alexis Bellino of the “Real Housewives of Orange County” short-sold her home in Newport Beach. Allen Iverson’s home in Denver, CO, was up for public sale this past March, and former Oakland Raiders quarterback JaMarcus Russell was facing foreclosure on his $2.4 million home in Oakland, CA.

Who’s buying instead of selling? Heidi Klum and her Grammy Award-winning husband Seal, who purchased a Brentwood, CA home last December (2010). That home is said to boast an imported Scotland fireplace that dates back to the early 1600s, as well as a library fireplace that is rumored to have come from Napoleon’s (yes, the French emperor’s) farmhouse in France.


3 Responses to “Celebrities Losing their Homes to Foreclosure”

  1. Consumer Sales July 17, 2012 at 9:22 am #

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  1. Celebrities Losing their Homes to Foreclosure « Black Celebrity Gossip at it's finest - August 8, 2011

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