Wednesday, May 29, 2013

The Five Most Unexpected Celebrities Who Have Faced Foreclosure


The Five Most Unexpected Celebrities Who Have Faced Foreclosure



1. Rihanna, Singer
  • Location: Janice Place, Beverly Hills CA.
  • In 2009, Rihanna bought the 8,520-square foot contemporary for $6.9 million.
  • She sold it short sale earlier this year for $4.5 million, due to "extensive damage" from a flood. 



2. Chris Tucker, Comedian
  •   Location: Bella Collina mansion, Lake County, FL.
  • Tucker owed $4.4 million on the 10,000-square foot mansion when Sun Trust Bank filed the foreclosure papers in October. 
  • He also owes the IRS $11.5 million in back taxes.
  


3.  Nadya "Octomom" Suleman, Reality TV Personality 
  • Location: Madonna Lane, La Habra, CA. 
  • Suleman filed for Chapter 7 bankruptcy in May.
  • The foreclosure process on the 2,445-square foot house was complete in June, producing no bids, in which the bank then repossessed the property.




4.  Toni Braxton, Singer
  • Location: Duluth, GA. 
  • Braxton purchased the house in 2004 for $2 million.
  • She lost the house when she filed for bankruptcy in 2010.   

5.  Nicholas Cage, Actor
  • Location: Bel Air, CA.
  • It was reported that Cage owed the IRS millions of dollars in back taxes
  •  In April 2010, The LA Times reported that Cage had lost his $35 million dollar mansion to foreclosure.
  •  Despite the opening bid being $10.4 million, which was less than a third of the house's original cost, there were no takers.  

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