Celebrity Foreclosures
By: Diane Tuman, Zillow Content Manager | June 6, 2008
(Note: This is a continually-updated post about celebrities who are in foreclosure trouble. We will add names below as they make the news. Please come back to see the latest celebrity foreclosure news.)
Original Post:
We can’t ignore it any longer: celebrities are taking the foreclosure hit, too. The latest celebrity is former heavyweight boxing champion Evander Holyfield. A legal notice that appeared in a local newspaper shows his Fayette County, GA estate is under foreclosure. The 104-room, 54,000-square-foot home worth an estimated $10 million and is to be auctioned by a bank on July 1.
Luxist has even created a celebrity foreclosure list with a great little foreclosure slideshow of the affected celebs, which includes Jose Canseco (Jose Canseco’s home), Aretha Franklin, Latrell Sprewell, Michael Jackson, and others. L.A. Land has their own list of celebrity foreclosures, too. Earlier this week, Johnny Carson’s sidekick, Ed McMahon commanded the headlines (here is Ed McMahon’s home). Who’s next?
Timeline of celebrity foreclosures:
06/18/08: Shaq wants to help foreclosure victims
06/23/08: Dallas Cowboys’ ‘Pacman’ Jones and former NBA star Vin Baker in foreclosure trouble.
06/26/08: Ernestine Anderson in foreclosure trouble
07/10/08: Evander Ducks Foreclosure Punch
08/15/08: Trump Rescuing McMahon’s Home
08/20/08: Record Producer Damon Dash Faces Foreclosure
11/24/08: Wyclef Jean Faces Foreclosure on Miami Beach Canal-Front Home Remodel
12/09/08: American Idol star Fantasia Facing Foreclosure
04/15/09: Former major league baseball player Lenny Dykstra facing foreclosure
05/12/09: Victoria Gotti’s Growing Up Gotti house in foreclosure
06/04/09: Victoria Gotti Cuts Deal with Feds to Avoid Foreclosure
06/12/09: Stephen Baldwin Losing Nyack Home for Foreclosure
08/11/09: Atlanta Real Housewives’ Lisa Wu Hartwell Loses Home to Foreclosure
09/14/09: LaToya Jackson’s Las Vegas Condo in Foreclosure
10/14/09: Toni Braxton Faces Foreclosure
- Stumble it!
- Categories: Celebrity Real Estate, Foreclosures
Comments
55 Comments so far
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Hitting the Links | Redfin Boston Sweet Digs on June 7, 2008 4:17 am
[...] Even celebs are losing their homes. Is it the housing market or poor financial decisions that caused this? [Zillow Blog] [...]
Home Loan Forum on June 7, 2008 6:56 am
This just shows that even the elite of our society WILL be affected by the foreclosure epedemic.
NO ONE IS IMMUNE!
Moe Bedard
diane franklin | Hottags on June 7, 2008 12:11 pm
[...] franklin pay per click advertising Celebrity ForeclosuresLuxist has even created a celebrity foreclosure list with a great little foreclosure slideshow of [...]
Gary Marjani on June 7, 2008 10:42 pm
I can’t believe this. It is pity these people do not know how to manage own finance.
Erich on June 8, 2008 1:59 am
This is becoming a great concern to many people. I found an excellent book that helps you avoid foreclosure. Just click on the website link to check it out! Hope it helps you and your family.
Erich on June 8, 2008 2:00 am
Here is that link that I mentioned:
https://paydotcom.com/r/21520/Ebuddy/18434596/
Just cut and paste if necessary.
Ricardo Bueno on June 9, 2008 12:54 am
See, even the lives of the “rich and famous” aren’t so perfect… Foreclosure can hit anyone period.
jones on June 9, 2008 10:10 am
i wish i could afford their homes.
http://www.websitesubmitcenter.com/
Spencer on June 9, 2008 1:55 pm
sad
i guess it’s true that celebrities really ARE just like us. sort of.
Shaq “The Diesel” Might Help Foreclosure Victims | Zillow® Blog on June 18, 2008 1:54 pm
[...] the misfortunes befallen other big Hollywood and sports celebs like Ed McMahon, Latrell Sprewell, Evander Holyfield and Jose Canseco, “The Big Aristotle” [...]
Sports Celebs “Pacman” Jones, Vin Baker in Foreclosure Risk | Zillow® Blog on June 23, 2008 10:04 am
[...] two more to the growing list of celebrity foreclosures: Suspended Dallas Cowboys’ star ‘Pacman’ Jones and former NBA star Vin Baker, who [...]
Ernestine Anderson in Foreclosure Trouble | Zillow® Blog on June 26, 2008 3:50 pm
[...] Anderson, 79, a four-time Grammy nominee and Seattle resident, is another star to add to the celebrity foreclosure list. Anderson’s Central District home is at risk of foreclosure since she’s behind [...]
Evander Holyfield Ducks Foreclosure Punch.. for Now | Zillow® Blog on July 10, 2008 3:54 pm
[...] Holyfield was prominently mentioned as part of a recent celebrity foreclosure blog post, which listed the latest, greatest celebrities to be at risk of foreclosure. It looks like Evander, [...]
Vin Baker’s Home Auctioned Off | Zillow® Blog on July 16, 2008 2:37 pm
[...] To add insult to injury, it was reported in the Seattle Examiner that Baker also lost his restaurant to foreclosure, Vinnie’s Saybrook Fish House. Add Vin’s home to the list of other celebrities in foreclosure nightmares. [...]
See Something Weird? Probably Related to Foreclosure | Zillow® Blog on August 6, 2008 10:20 am
[...] Celebrities facing foreclosure, too [...]
Trump to the Rescue: McMahon’s Home Saved | Zillow® Blog on August 15, 2008 9:56 am
[...] Now that Ed is saved from foreclosure, what about other celebrities facing foreclosure? [...]
Greg Watson on August 17, 2008 10:25 am
Even them can lose their house. What will happen to us? We have to start understand how to face foreclosure before it happen to us.
Dale "Short Sale" Kirkland on August 18, 2008 5:44 pm
Well, it just goes to show you that it can happen to anyone. What is worse is that most people think they can work their way out of any problem, instead of preparing for these life events.
Dale
Another Celebrity Foreclosure: Record Producer Damon Dash | Zillow® Blog on August 20, 2008 11:30 am
[...] one more celeb to add to the celebrity foreclosure [...]
Kevin on August 21, 2008 11:01 am
Why are there so manay foreclosures???
Banks are willing to grant grace periods, forebarances and other solutions for homeowners facing foreclosure.
Stopping foreclosure is easy, if you know what to do.
If anyone needs help gettting the bank to work with you on an alternative to foreclosure, it’s ok to contact me.
Kevin on August 21, 2008 11:01 am
Why are there so manay foreclosures???
Banks are willing to grant grace periods, forebarances and other solutions for homeowners facing foreclosure.
Stopping foreclosure is easy, if you know what to do.
If anyone needs help gettting the bank to work with you on an alternative to foreclosure, it’s ok to contact
Joey C on September 16, 2008 9:05 pm
Celebrities in foreclosure? Sorry, but “wah.” (Sarcastic). Most of the people on that list made terrible decisions. Holyfield was making $30 million a fight. Don’t cry for him Argentina (or America).
Bottom line, it is the average homeowner who suffers because prices, for example, in Los Angeles and Orange Counties, swung so wildly that the lows are so irrational. Thus, foreclosure becomes an option for those who would never go bankrupt or whatever.
A good site explaining the whole nine yards (even to celebrities) is http://www.socalforeclosurehelp.com
tungsten jewelry on November 24, 2008 12:04 am
I might tend to agree with you.
Another Celebrity Foreclosure: Wyclef Jean | Zillow® Blog on November 24, 2008 3:05 pm
[...] See other celebrity foreclosures. [...]
Electronic Cigarette on December 5, 2008 1:36 am
Well, thank you very much! You really did a good job! Thank you!
china CNC router on December 5, 2008 1:40 am
Thanks for sharing!
American Idol’s Fantasia Facing Foreclosure | Zillow® Blog on December 9, 2008 4:07 pm
[...] See other celebrity foreclosures. [...]
Home Loan News on December 26, 2008 4:01 pm
No one is immune from foreclosure. If you are facing foroeclosure, you are not alone.
Loan modification on February 10, 2009 3:45 am
I had Evander come to my site or at least a spammer with his actual address. He did not answer his phone so I figured t to be a scam and now it may have been him seeing this post.
Arizona Loan Modifiers on February 16, 2009 11:10 pm
Yeah, we get a few “celebrities” submitting the form on our site every now-and-then too.
Omelyn on February 20, 2009 7:08 am
I think this true. Nice articles.
Loan Modification on February 20, 2009 2:56 pm
It reads like the next Cash 4 Gold superbowl commercial, with all of these celebrities having to sell their gold to stay in their ridiculous mansions.
Government Loan Modification on March 27, 2009 8:45 pm
Nicely said, I enjoy the time that it took to research and write. Great work
Sam on April 28, 2009 2:21 pm
Well none of these articles are telling us how many homes they own or if these are the main residences. They are not even close to what the middle class America is going through.
Many wealthy people let properties foreclose so they can aquire another one or just to dump it. Look at Trump and how many times his “corporations” have filed bankruptcy.
Contacts on April 29, 2009 5:21 pm
why does anyone need 104 rooms?
Loan Modification Attorneys on April 30, 2009 9:12 am
These celebrities should have hired an attorney. Maybe they would have saved their homes.
Sophia on April 30, 2009 4:43 pm
Wow even celebrities got their home foreclosures. Wish I could afford their homes. I will be sure to check that out! Also- I found this training that might help as well. http://www.shortsalebizinabox.com. Keep up the posts! I enjoy reading them!
micky on May 12, 2009 8:48 pm
In response to the comment below.
Yes even the celebrities are not bright enough to live within their means. Just like us poor people that have homes that would be considered a garage shack for many of these homes. Unless we were smart enough to live within our means and keep our shacks.
This just shows that even the elite of our society WILL be affected by the foreclosure epedemic.
NO ONE IS IMMUNE!
Moe Bedard
itoldyousotheory on June 12, 2009 3:22 pm
wow you people sound very spiteful. id feel sorry for you, but i dont. by the way go watch movies and tv and help these people whose wealth you created. no wonder why we are called fat americans undereducated,low brow, and now add spiteful wow.
itoldyousotheory on June 12, 2009 3:23 pm
mental note, i should edit before posting.
celebrites need to help middle class on June 13, 2009 9:18 pm
Called living above your means . Celebrities had enough money to pay off there homes . instead they keep spending $$$$$$$$$$$$$$ . Celebrities only want the FANS to bail them out . Since the fans are the ones who made the celebrities rich from the beginning.
davidd on June 14, 2009 6:59 pm
Living within or below your means advice only good until you no longer have a means. Loose the income stream at any depth and your in for a life style change. There are another 3million unemployed and another 4 million homes in the foreclosure for the coming months. We wanted change? we getting it.
loan modification help on June 24, 2009 3:56 pm
There are no exceptions. Many people are hit by this economic turmoil. Even celebrities have to find their way out and modify their loans or look for some alternatives to ease up the tension.
robert on July 8, 2009 10:07 am
No your right Jeff Smith and I have both worked with lenny. He is a huge idiot. He throws his assets around to try and get people to work for him for free. If you dont want to lose your house maybe you should ditch your gulf stream jet or phantom limo. He tried to get us to do a modification for him for free on the promise that he has plenty of money? He did the same thing to the people printing his magazine. Except they printed them. I think he has over 25 open law suits against him and even robbed his mom. You can read all about it on espn they have a huge article on what an asshole lenny is. Trust me when I say that your deeds come back to you and in this case hes losing the deed
Loan Modification on July 14, 2009 1:37 pm
interesting information, thank you
Mortgage Loan modifications Lady on July 28, 2009 6:18 am
There are many people who take advantage of peoples’ naivite. I wonder when all these mess will be cleaned up.
100% Mortgage on August 14, 2009 9:56 am
If they cannot pay their mortgage and get their finances right with all that money, what chances do we have?!
Terry on August 16, 2009 6:32 am
Snoop Dogg owes Calif. over $300K in unpaid taxes. Ruben Studdard is facing foreclosure. Chris Tucker owes the state of California $3,594,409 for four years of unpaid taxes. Here we go…again..MC Hammer owes Calif. over $600K in unpaid taxes.
Equity Release on August 24, 2009 3:18 am
That’s a lot of unpaid taxes.
mobilekaren on September 7, 2009 12:13 pm
I find it amazing how wide this credit crunch is reaching.
John whites on September 23, 2009 3:39 am
oh… its all about foreclosure.. thanks for sharing.. this shows how things are getting worse ?…
Free Loan Modification Kit on October 1, 2009 4:58 pm
So many celebrities nowadays seem to be living well beyond their means, and sooner or later it all catches up to them… Its such a shame
Dubai villas on October 19, 2009 2:37 am
They may be just like you and me deep inside but when you get a glimpse of celebrity homes it’s like they’re in a whole other world.
Mortgages&Money on October 19, 2009 11:01 am
It is a shame for everyone, we all come and go the same way, some of us just get luckier..
Diana on October 29, 2009 7:38 am
Economic crisis affects everybody.I wonder, why people like to read so much that somebody is in trouble.