World-renowned super model/actress Heidi Klum and her Grammy Award-winning husband, Seal, recently plunked down more than $13 million, purchasing a 12,000 sq. ft. foreclosed home in Brentwood, Calif., according to HollywoodReporter.com.

Here are just a few of the many luxurious amenities:

“The eight-bedroom home has a kitchen that includes a fireplace mantel imported from Scotland that dates to 1603. The formal dining room is from Paris’ famed Pierre Hotel, which the former owner purchased whole at auction and had shipped stateside. And the library fireplace is said to be from Napoleon’s farmhouse in France.”

The super couple, which has three children together, apparently won a “bidding war” to call the cushy Mediterranean resident their own.

By the looks of it, who can blame them?

To search foreclosed homes for sale in Brentwood and elsewhere in the surrounding area click here.

Jermaine Jackson is perhaps following in the foreclosure footsteps of his younger (and way more popular) brother, the late “King of Pop,” Michael Jackson.

TMZ.com reports that the original lead singer of The Jackson Five is living in a $2 million home that is scheduled for a foreclosure auction in Pomona County, Calif., on Jan. 21, 2011.

Jackson rents the five-bedroom, six bathroom home, which he has lived in for nearly two years. It’s unclear if he was aware of the owner’s delinquency. And there is no indication at this time if Jackson intends to vacate the premises before the auction date or if he’ll attempt to ride out the storm as long as possible.

Before his untimely passing in 2009, Michael faced foreclosure on his “Neverland Ranch,” which has been dubbed “The Most Famous Foreclosure Ever.”

Jermaine’s situation is a little different: He doesn’t own the home and it in no way, shape or form represents as much as Neverland did or will in the future.

Nonetheless, hopefully the result is the same and the owner (and Jermaine indirectly) is able to work out a deal to keep the property rather than letting the bank repossess it.

Stay tuned. In the meantime, to check out Jermaine Jackson’s foreclosure listing on Foreclosure.com click here.

Buying Fannie Mae-owned homes just got easier.

The largest mortgage buyer/backer in the nation recently rolled out HomePath Online Offers, which gives real estate agents the power to submit bids on behalf of clients who are interested in buying foreclosed — also known as Real Estate-Owned (REO) — homes.

Buyers/investors in Orlando, Fla., San Diego, Calif., and Detroit, Mich., will be the first to test out the new program.

Jim Tiegen, Vice President of Fannie Mae’s REO regional offices, had this to say to DSNews.com about the innovation:

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