Some celebs' homes in danger to foreclose

Search news

Some celebs' homes in danger to foreclose

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.

Recent Articles

Actor Hayden Christensen selling Studio City pad

Star Wars fans may be surprised to hear Anakin Skywalker, also known as actor Hayden Christensen, may be calling for a moving company and selling his house in Studio City.

Friday, October 05 2012 15:15

Former pro baseball player Reggie Sanders selling SC beach house

Reggie Sanders list of properties is almost as extensive as his list of teams, however, he appears to be unloading homes across the country.

Thursday, October 04 2012 13:25

Hollywood couple John Krasinski and Emily Blunt buy in LA

Celebrity news sites report actor John Krasinski and actress Emily Blunt may be comparing prices of moving companies around Los Angeles, as they have purchased a home in the affluent city of Ojai.

Wednesday, October 03 2012 13:25

Tips for prepping to move cross-country

When relocating across the country, those moving may need to take some extra steps for a more successful relocation.

Wednesday, October 03 2012 13:24

Singer Sheryl Crow moving out of Hollywood Hills home

The Grammy-winning singer Sheryl Crow has been buying and selling homes throughout the country, as she currently owns a waterfront home in Florida and recently purchased a large ranch-style home in Nashville, Tennessee, just last year.

Wednesday, October 03 2012 13:22

Related Categories

Foreclosures News

Prince's Minnesota estate now off the market
Updating a recent story, Prince's estate in Chanhassen, Minnesota, is no longer on the market. It had originally been listed as available at an upcoming auction due to mortgage payment failures.

Wednesday, April 27 2011 11:15

Soon to be the property formely known as Prince's?
According to the Star Tribune, Prince's property in Chanhassen, Minnesota, has entered into foreclosure, as the musician still owes roughly $368,000 on his mortgage.

Friday, April 22 2011 12:21

Builders highlighting risks of foreclosed properties
Homebuyers have been seeking out low-priced foreclosures and short sales when moving to a new home, a problem many homebuilders are now tackling through new promotional strategies.

Thursday, March 10 2011 10:19

Foreclosure sales prevalent in Western U.S.
A new report on foreclosure data from around the country showed a high number of consumers in western states were moving to distressed properties in 2010.

Tuesday, March 01 2011 10:56

Homes for Sale News

Former pro baseball player Reggie Sanders selling SC beach house
Reggie Sanders list of properties is almost as extensive as his list of teams, however, he appears to be unloading homes across the country.

Thursday, October 04 2012 13:25

Former CA home of comedian Phyllis Diller up for sale
Celebrity news sites report the longtime estate of the late Phyllis Diller is ready for buyers, as it has appeared on the market with a $12.9 million asking price.

Friday, September 28 2012 17:54

Actress Reese Witherspoon selling California home
Celebrity real estate sites report that Reese Witherspoon may be moving boxes out of the ranch actor Rob Pattinson recently retreated to as it has appeared on the market for sale.

Tuesday, September 18 2012 16:43

MLB player Ryan Madson moving out of California home
After recently finding out that MLB pitcher Ryan Madson is out for the season due to an injury, fans may be surprised to hear he has also listed his home in Ladera Ranch, California, for sale.

Thursday, May 03 2012 15:27

Former Jaguars owner moving out of Jacksonville mansion
The National Association of Realtors reports that after selling his NFL team, former Jacksonville Jaguars owner Wayne Weaver has listed his home in Jacksonville, Florida, for sale.

Monday, April 30 2012 17:04

Real Estate News

Actor Hayden Christensen selling Studio City pad
Star Wars fans may be surprised to hear Anakin Skywalker, also known as actor Hayden Christensen, may be calling for a moving company and selling his house in Studio City.

Friday, October 05 2012 15:15

Thursday, October 04 2012 13:25

Singer Sheryl Crow moving out of Hollywood Hills home
The Grammy-winning singer Sheryl Crow has been buying and selling homes throughout the country, as she currently owns a waterfront home in Florida and recently purchased a large ranch-style home in Nashville, Tennessee, just last year.

Wednesday, October 03 2012 13:22

Actor Christopher Meloni buys home in Connecticut
Celebrity news site Curbed reports former Law and Order star Christopher Meloni may be calling for movers as he will be relocating to Canaan, Connecticut.

Monday, October 01 2012 17:01

Friday, September 28 2012 17:54

1 Week Before Your Move

Apartment Decorating Tips: Cheap Ways to Spruce Up Your Pad

10 Questions to Ask Before Hiring a Cleaning Service

Auto Insurance: What You Need to Know

After the Offer: What You Should Ask Yourself

Relocation.com
In the Press

A Moving Company's Moving Story
June, 2012

Relocation.com's survey was recently featured on the front page of USA Today. The headline entitled "Moving in Hard Times" highlighted our results that moving and relocating behaviors were only moderately influenced by the economy.

Our lifestyle survey found that Americans are seeking smaller homes and a suburban lifestyle. These riveting results were recently featured on USAToday.com in an article entitled "American dream shrinks as smaller homes gain favor."

"This user-friendly site includes a blog and a subscription-only newsletter, too"

"Relocation.com provides you with all the tools you need to get quotes quickly from movers in your area."

The more you know, the better your move will go. Check out helpful articles by our pros.