March 25, 2011 - Even some of the world's rich and famous aren't immune from the effects of foreclosure, and several have found themselves moving out of home after falling into mortgage issues.A report last year from celebrity news site TMZ showed actor Mel Gibson had been sued twice by the construction company hired to build his new Malibu home. The company alleged Gibson failed to make payments for services at three residential properties, asking for permission to foreclose on the homes to collect their money. Elsewhere, Zillow.com reports former NBA star Allen Iverson suffered a foreclosure after failing to make payments on his Denver-area home, which he owned while playing basketball for the Denver Nuggets.Other sports stars have also fallen on hard financial times and been forced to pack their moving boxes. Former Oakland Raiders quarterback JaMarcus Russell failed to make nearly $200,000 in mortgage payments, according to reports, causing his home to fall into foreclosure. Ex-basketball player Antoine Walker likewise fell into mortgage problems after gambling away much of his fortune.Foreclosures were a problem for families of all income brackets last year. According to RealtyTrac, one in every 45 U.S. homes received a foreclosure filing in 2010.
Chris Brown pleases ex-neighbors, lists West Hollywood penthouse for sale
While singer Chris Brown was seen moving boxes into a new Los Angeles area home a couple months ago, Realtor.com says he has now listed his former West Hollywood property for sale.
Friday, May 25 2012 12:16
Actor Josh Hutcherson moving into former home of Heath Ledger
Hunger Games fans may be excited to hear that actor Josh Hutcherson may be calling for moving services, as news sources report he recently purchased a home in Hollywood Hills.
Friday, May 25 2012 12:15
Hockey player Patrick Sharp buys home in Chicago
News sources report that Chicago Blackhawk Patrick Sharp may be calling for movers, as he recently purchased a home in the Lakeview neighborhood of Chicago.
Thursday, May 24 2012 17:27
Actor Eddie Murphy finally sells home in New Jersey
News sources report that comedian and actor Eddie Murphy has finally sold his home in Englewood, New Jersey.
Wednesday, May 23 2012 15:26
Celine Dion selling private island complete with mansion
News sources across the globe are reporting that singing sensation Celine Dion has listed her private island complete with a mansion for sale.
Tuesday, May 22 2012 16:03
Foreclosures News
Wednesday, April 27 2011 11:15
Friday, April 22 2011 12:21
Thursday, March 10 2011 10:19
Tuesday, March 01 2011 10:56
Homes for Sale News
Thursday, May 03 2012 15:27
Monday, April 30 2012 17:04
Friday, April 27 2012 16:57
Friday, April 20 2012 15:34
Wednesday, March 21 2012 15:11
Real Estate News
Monday, May 21 2012 15:59
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