Foreclosure community blog resource powered by RealtyTrac : celebrity foreclosures

Notice of Default filed against Keyshawn Johnson property

darenb — Thu, 31 Dec 2009 15:48:00 GMT

A Notice of Default was recorded Dec. 17, 2009, on a nearly $5.9 million loan secured by a Calabasas, Calif., property with a borrower name of "Johnson Keyshawn Living Trust," according to RealtyTrac . The property, which sits on a lot of nearly...(read more)

Former OU Football Star Defaults on Malibu Home

darenb — Wed, 02 Dec 2009 22:36:00 GMT

A Notice of Default has been filed on a Malibu, Calif., mansion owned by former Oklahoma University football star Brian Bosworth, who also spent two years in the NFL playing for the Seattle Seahawks before moving on to a intermittent movie career. According...(read more)

Marcellus Wiley Sacked by Foreclosure

Octavion — Tue, 10 Nov 2009 17:50:00 GMT

For 10 years, former NFL defensive end Marcellus V. Wiley menaced quarterbacks, playing for the Buffalo Bills, the San Diego Chargers, the Dallas Cowboys and the Jacksonville Jaguars. Now he may be sacked by foreclosure. Wiley, better known as “Dat...(read more)

Toni Braxton Fighting Foreclosure

Octavion — Fri, 16 Oct 2009 23:12:00 GMT

Attention music fans! The bloggers at TMZ have revealed that singer Toni Braxton’s Century City condo is in foreclosure. Public records show that Braxton stopped paying her mortgage on September 23, 2009. Last year, the Grammy-award winning singer...(read more)

‘Real Housewives’ Star Loses Home to Foreclosure

Octavion — Wed, 12 Aug 2009 19:21:00 GMT

There’s more real drama coming from behind the Bravo cable network’s realty show camera these days than in front of it. Consider the latest news from Atlanta. ‘Real Housewives of Atlanta’ star Lisa Wu-Hartwell, and her former NFL...(read more)

NODs Filed Against Portland Mayor’s Homes

Octavion — Thu, 18 Jun 2009 23:11:00 GMT

Portland Mayor Sam Adams is facing foreclosure on two homes he owns, according to The Oregonian . RealtyTrac records indicate that Notices of Default have been filed on two North Portland homes owned by Adams, the Portland Business Journal reported. “My...(read more)

Foreclosure Looms for McAfee Mansion in Colorado Springs

Octavion — Thu, 07 May 2009 16:16:00 GMT

Bank Stress Tests Show Some Banks Need More Funds Associated Press Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds....(read more)

Celebrity Foreclosures

Octavion — Mon, 22 Oct 2007 22:09:00 GMT

Rich people, it turns out, are just as vulnerable as poor folks to foreclosure.

New York Post celebrity real estate columnist Braden Keil today reported that Veronica Hearst, the widow and third wife of Randolph “Randy” A. Hearst, is fighting foreclosure proceedings on her 5.1 acre oceanfront estate in Manalapan, just south of Palm Beach, Fla.

The couple paid for $29.9 million for the estate, located on South Ocean Blvd., in 2000 from shopping-mall magnate and Indiana Pacer co-owner Melvin Simon, and his wife, Democratic Party fund-raiser Bren, who had paid $6 million for it in 1986. A few months later, Mr. Hearst suffered a fatal stroke at age 85.

In December 2004, Ms. Hearst sold a 1.6 acre parcel of the property to RGF Holding Corp. for $6,225,000, according to The Wall Street Journal.

In March 2007, the Hearst mansion — known locally as the Villa Venezio — was put on the market by the Corcoran Group for $27 million. The luxurious 12-bedroom stone mansion has all the comforts that socialites like the Hearts demand. The Romanesque-style estate is a legend in the Palm Beach area. It was designed by acclaimed architect Maurice Fatio in 1930 for Harold Sterling Vanderbilt, a great grandson of railroad baron Cornelius Vanderbilt.

One of the Posts’ sources told Keil that: “When Randy died, he didn’t leave her enough money to take care of the house. It’s all tied up in trusts — and she’s a big spender.”

Another blogger at Real Estalker said: “Now children, what Your Mama wants to know is what foolishness possessed an 85 year old man, even one as rich as the Pope and married to a much younger socialite hottie, to buy a damn $30,000,000 mansion? Honestly, that was just stupid, all due respect.”

And Radar said: “Even the super rich sometimes struggle to sell their palaces, and it looks like Fabiola Beracasa’s mom, Veronica Hearst, is one of them.”

Now you can own an exclusive and coveted piece of oceanfront property for a mere $27 million. At RealtyTrac, we want to know what you think about celebrity foreclosures.