Foreclosure on the set of “The Real Housewives” reality series is reaching epidemic proportions.

The latest victim is Orange County’s Peggy Tanous, whose $1.6 million Irvine, Calif., home  is the subject of a recent foreclosure filing, according to The Orange County Register.

She filed a financial hardship counter claim, saying that she is having money problems and must be considered for a loan modification before her lender can repossess the home.

If nothing else, the legal maneuver will likely delay the public foreclosure auction, which was booked for May 17, 2011.

As mentioned earlier, this is not the first time that someone from “The Real Housewives” has had to face the possibility of losing her home to foreclosure.

Alexis Bellino was saved with a loan modification, as well as Jeana Keough. Tamra Barney was able to unload her upside-down home via a short sale and Teresa Guidice filed for bankruptcy.

We’ll pass along more information on Tanous’ foreclosure situation as it becomes available.

To read all about these lovely ladies, as well as other celebrity types, and their real estate-related issues click here.

Our nation’s most recent — and now deceased — Public Enemy #1 was none other than Osama bin Laden.

The elusive mastermind and figurehead of the world’s most dangerous terrorist organization, al-Qaida, was recently shot and killed in a daring raid on his hideout in Abbottabad, Pakistan, ending a 10-year manhunt for the man who planned the deadly attacks on the United States back on Sept. 11, 2001.

Despite his seemingly humble rag-tag existence, bin Laden was a man of wealth, inheriting more than $300 million when his billionaire father, who was a construction magnate in Saudi Arabia, died in a plane crash in 1967.

He was also not an only child. Not even close — he has more than 50 siblings. And most of them, unlike their sinister brother, are well-to-do business men and women.

Khalil bin Laden actually owned a luxurious 1920s-era vacation home in Oakland, Fla., up until the 9/11 attacks. He quickly vacated the five-bedroom, Mediterranean-style mansion,”fearing they might be targeted because of the terrorist attacks,” according to an Associated Press report today, and sold it for $4 million in 2006.

That home, which overlooks 1,200 feet of private lake shoreline, as well as boasts a pool, horse stables and a four-car detached garage, is now the subject of foreclosure after the unnamed businessman who purchased it defaulted on the mortgage.

It is now on the market with a drastically reduced asking price of $1.99 million. Although is has been described as an “amazing property,” Forbes recently branded it as one of the “creepiest abandoned mansions” in the nation.

Ouch.

Iconic pop star, Prince, recently avoided foreclosure on his 20-acre spread in Chanhassen, Minn., paying a delinquent mortgage bill of $368,000 in full, according to The Star Tribune.

His lender, Bank of New York Mellon Trust Co., filed for foreclosure and a public auction was set for May 13, 2011. The scare tactic apparently worked.

The seven-time Grammy Award-winner now owns the land, which he purchased for $605,000 in 1994, free and clear. He razed the home on the property — now worth an estimated $1.15 million — back in 2005.

According to Prince’s representative, Kiran Sharma, “payment has been made” to the bank for the entire amount “about four or five days ago.”

This foreclosure threat was one of the many recent financial delinquencies the 52-year-old pop star has recently encountered.

In fact, Prince just paid $1.3 million for current and delinquent property taxes that were owed from 2009 and 2010. He was also behind on paying the tax bills in 2006 and 2008.

For more celebrity-related foreclose news check out our archive right here.

It’s been nearly two years since the untimely death of the “King of Pop.”

And to date little is known about the fate of Michael Jackson’s sprawling 2,676-acre Neverland Ranch in Los Olivos, Calif., in ritzy Santa Barbara County.

Will it be turned into a museum/tourist attraction like Elvis Presley’s “Graceland” in Tennessee?

Check out the latest Neverland update from Tom Barrack of Colony Capital, which entered into a joint venture with Jackson shortly before his death to save it from foreclosure.

Here is what he had to say (via Bloomberg.com):
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Foreclosure, loan modification and now, finally (we think), a short sale.

That’s the wild real estate ride that Alexis Bellino — from the “Real Housewives of Orange County” — and her husband Jim have taken with their Newport Beach, Calif., mansion over the last year.

Orange County Register reports that the Bellinos recently unloaded their cushy six-bedroom, five-bathroom luxurious property for a cool $3 million, which is $395,000 less than the asking price, in a short sale transaction.

The identity of the bargain buyer was not revealed in the article, but he or she was represented by Banker Previews International.

And based on the description of home, which sits on a 9,135-square foot double lot, it appears that the new owner got a relative steal.

Here are just some of the many features:

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