Celebrity Foreclosures
By: Diane Tuman, Content Manager | June 6, 2008
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?
Update:
6/18/08: Shaq wants to help foreclosure victims
6/23/08: Dallas Cowboys’ ‘Pacman’ Jones and former NBA star Vin Baker in foreclosure trouble.
6/26/08: Ernestine Anderson in foreclosure trouble
7/10/08: Evander Ducks Foreclosure Punch
8/15/08: Trump Rescuing McMahon’s Home
8/20/08: Record Producer Damon Dash faces foreclosure
- Stumble it!
- Categories: Celebrity Real Estate, Friday Fun, Real Estate, Zillow
Comments
22 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