Celebrities are among the four million Americans whose homes have been foreclosed on in the past five years. Being a celebrity allows you to accumulate large sums of money. However, being a celebrity doesn’t mean you have enough money to pay your bills. The following is a list of celebrities whose homes have been foreclosed on:
Chris Tucker
Chris Tucker is a comedian. He owned a property called Bella Collina in Lake County, Florida. SunTrust bank, in October of 2012, brought a foreclosure proceeding against Mr. Tucker. In this proceeding, the bank alleged that he owed $4.5 million. Mr. Tucker bought the house when the real estate market in Florida was still high. In the end, he was able to sell the house in a short sale. It has also been reported that Mr. Tucker is indebted to the IRS for $11.5 million related to back taxes.
Rhianna
Rhianna is a singer. She owns a home located at Janus Place in Beverly Hills, California. Her home is approximately 8500 square feet. She purchased the home for approximately 7 million dollars in 2009. Shortly after purchasing the house, there was a flood which caused “extensive damage” to the home. It had been listed for sale for $4.5 million. Rhianna has defaulted on making the payments on her mortgage. She has requested the home be sold in a short sale.
Burt Reynolds
Burt Reynolds owned a home in Hobe Sound, Florida. He was more than two years behind on his home payments. It is estimated that his mortgage payments were over a million dollars behind. He seeks to sell the home in a short sale for approximately five million dollars. It is estimated that he paid over $15 million for the house when the real estate market in Florida was much stronger. The house is a waterfront piece of property and has approximately 13,000 square feet of living space. In addition, he has a helipad and a docking area for his yacht.
About The Author
Elliot S. Schlissel, Esq. is an attorney with more than two decades of experience representing individuals whose homes have been foreclosed. He litigates cases involving mortgage fraud, robo-signers and fraudulent foreclosures.
