These days, leasing is all the rage, at least for those looking to cover their mortgage payment without actually selling their home. And now the King of Pop, who narrowly escaped foreclosure on his sprawling Neverland Ranch, is getting on board. According to an article in the LA Times, Michael Jackson has signed a one-year… Continue reading Michael Jackson Leasing a Home for $100,000 Month
Category: Famous Real Estate
List of Celebrity Foreclosures
The following is a list of celebrities who have faced foreclosure in the last year and change. Sadly, this list is likely to grow as time goes on, and I’ll do my best to update it frequently, as needed. Keep in mind that the celebrities on this list may not have actually lost their home,… Continue reading List of Celebrity Foreclosures
Canseco Loses Homes to Foreclosure
Former MLB slugger Jose Canseco has walked away from his mortgage amid slumping real estate prices and hefty legal fees, according to the Wall Street Journal. According to the WSJ, Canseco purchased the 7,300 square-foot Encino, CA home for $2.8 million in 2005 with a Washington Mutual loan, but it later fell into default in… Continue reading Canseco Loses Homes to Foreclosure
Neverland Ranch Faces Foreclosure
The loan tied to the 2,700 acre Santa Ynez Valley ranch-cum-amusement park owned by Michael Jackson is apparently in default. If the $23 million dollar loan and subsequent interest (believed to be $212,963) aren’t made up-to-date, there is a chance that the property could be foreclosed upon. It’s unclear what type of financial shape Michael… Continue reading Neverland Ranch Faces Foreclosure
The Real Beverly Hills 90210 House
Yes it’s cool, but no, the 90210 house isn’t really in Beverly Hills, California. Or even close to it. Well, at least it’s in the same state. That’s a start, right? The picture above is a screen shot of the famous Walsh home (Redfin via Google) that served as a popular landmark for televisions viewers… Continue reading The Real Beverly Hills 90210 House