Celebrity Foreclosures

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latoya-jackson

La Toya Jackson — an older sister of the recently deceased “King of Pop,” Michael Jackson — is facing foreclosure on a 1,856-square foot condominium unit located on the 27th floor at Regency Towers inside Las Vegas Country Club in Nevada.

ReviewJournal.com reports that the singer/songwriter, who is perhaps more recognized for her famous family and two spreads in Playboy in the early 1990s, is in default with an unpaid balance of $750,000. She purchased the home for about $260,000 in 1996.

It’s possible that Jackson has no intentions of rescuing the condo from the auction block — she reportedly moved all of her belongings out of the residence back in August. Other reports indicate that Sept. 30 is the possible date for a future foreclosure sale.

La Toya, 53, is not the first or only Jackson to miss mortgage payments.

Michael was at the center of perhaps the most famous celebrity foreclosure story ever when his sprawling Neverland Ranch in Los Olivos, Calif., was teetering on the edge of repossession. He avoided foreclosure in the eleventh hour by selling a major interest in Neverland to a real estate investment company, Colony Capital, which entered into a joint venture with Jackson to renovate and re-sell it.

For what it’s worth, Dr. Conrad Murray — the man at the center of the investigation into Michael Jackson’s death — is also in danger of losing his 5,268-square-foot home in the exclusive Red Rock Country Club in Las Vegas to foreclosure.

Stay tuned to Foreclosure.com for more updates on La Toya’s foreclosure situation as it unfolds. To read about even more celebrity-related foreclosures click here.

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alCapone

America’s most notorious and best known gangster, Al Capone, is still making headlines in the Chicago newspapers more than 62 years after his death.

And it has nothing to do with illegal gambling, smuggling, bootlegging, prostitution or massacres.

Capone’s 407-acre 1920s-era “hideout” in Couderay, Wisc., which includes a 37-acre private lake located in the beautiful northwoods of “The Badger State,” is headed to the Sawyer County courthouse for a foreclosure auction set for 10:30 a.m. Oct. 8, 2009.

The minimum bid on the property — one of many that Capone used throughout the nation back in the day to “lay low” — is $2.6 million.

Here’s the official property description from Chippewa Valley Bank:

“Includes the original 1920’s main lodge of native fieldstone with massive split fieldstone fireplace, an eight-car garage renovated into a fabulous bar and restaurant, bunkhouse, year-round caretaker’s residence, guard tower along with other outbuildings and Capone’s unique ‘jail cell.’ Very private and pristine beautiful. There are many unique features to this property designed by the notorious gangster himself.”

Contents of the lake and whatever (or whoever) is possibly contained on the land — maybe even some legendary buried treasure — are also included.

For more information on Capone’s Wisconsin retreat click here and here.

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marilyn_monroe_pic

Elsie Poncher is evicting her husband from his final resting place above Marilyn Monroe at Pierce Brothers Westwood Village Memorial Park cemetery in Los Angelis, Calif., and relocating him over one spot.

It’s a move that is going to payoff off her $1.6 million mortgage and leave the home “free and clear” for her kids.

And then some.

She recently put the plot up for auction on eBay with a starting bid of $500,000. It’s already received 34 bids, generating more than $4.5 million with one week still to go before the online auction expires.

Here’s Poncher’s pitch:

“Here is a once in a lifetime and into eternity opportunity to spend your eternal days directly above Marilyn Monroe. This crypt in the famous Westwood Cemetary in West Los Angeles currently occupied above Marilyn Monroe is being vacated so as to make room for a new resident. “Spending Eternity next to Marilyn Monroe is too sweet to pass up”, recently quoted by Hugh Heffner, who has reserved his place in eternity next to her. The lucky bidder will be deeded a piece of real estate that he or she will make their last address. And below you will be Marilyn Monroe. In fact the person occupying the address right now is looking face down on her.”

Her late husband, Richard, purchased two crypt’s from Monroe’s ex-husband, Joe DiMaggio, back in 1954. He likely had no idea at the time that he had made the investment of a lifetime — Monroe didn’t commit suicide until six years later in 1962.

Poncher intends to sell the one crypt to the highest bidder, relocate her husband to the other tomb and the have herself cremated when the time comes.

In addition to Monroe — likely the most popular and famous celebrity of the 1950s era — stars such as Natalie Wood, Dean Martin, Rodney Dangerfield, Merv Griffin, Mel Torme, Truman Capote and Farrah Fawcett, are buried at Pierce Brothers Westwood Village Memorial Park, according to the Los Angeles Times.

It’s prime real estate, which the report indicates is, “on a per-square-foot basis — one of the most expensive pieces of real estate on the market.”

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Lisa-Wu-Hartwell

Lisa Wu Hartwell, who is featured on Bravo’s “The Real House Wives of Atlanta” reality television program, is denying a report from TMZ.com that she and her family were “booted from their multimillion dollar Georgia mansion” for defaulting on their home loan.

In fact, Hartwell — who is married to National Football League (NFL) free agent linebacker Edgerton Hartwell — claims in an interview today with People.com that the couple attempted to restructure the $2.9 million loan, but it did not work out.

It eventually resulted in a short sale ($1.9 million) to a new buyer … not a foreclosure.

Here are her thoughts on the situation:

“We chose to move, we were not evicted…. It was decision that we made and not one that was made for us. But we were not put out.”

The Hartwell’s apparently “downsized” to a nearby home that sits on 10 acres.

If you’re curious or interested to see how it all went down be sure to tune in to the current season of “The Real Housewives of Atlanta.” It airs every Thursday at 10 p.m. ET on Bravo.

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