Celebrity Foreclosures

You are currently browsing the archive for the Celebrity Foreclosures category.


It was fourth and long for Funari Realty this week and the real estate company may have given up a sack.

That because one of its high profile listings — the eight-bedroom, 20,000-square-foot mansion of former National Football League (NFL) superstar and current Fort Leavenworth prison inmate, Michael Vick, in suburban Atlanta, Ga. — hit the auction block yesterday to little fanfare.

In fact, just two curious buyers showed up but did not place the minimum bid of $3.2 million to become a new homeowner in the upscale Sugarloaf Country Club community, according to CNN.com.

Narender Reddy of Metro Brokers/GMAC Real Estate was one of those interested in the sale because a client of his offered the same amount as the minimum bid two months ago. Funari Realty, however, passed on the offer, according to the article, thinking more could be made in an auction format.

Now he intends to advise his client to offer less than the original $3.2 million after the luxurious Gwinnett County residence, which has been on the market for more than one year, attracted so little interest this week.

Vick lived in the home while he played quarterback for the Falcons. He was forced to vacate it and serve a 23-month sentence at the federal penitentiary under terms of his plea for running a major dogfighting operation in late 2007.

He has since struggled to repay creditors and filed for bankruptcy while incarcerated. The sale of the Atlanta home, which he more than likely no longer needs since he was released from the Falcons after his arrest, and other assets will be put toward paying off debts the 28-year-old athlete has amassed.

Vick is scheduled to be released in May to serve the final two months of his sentence under home confinement at another property he owns in in Hampton, Va. He has expressed an interest in returning to the gridiron; however, he will have to receive the stamp of approval from the league commissioner before that can happen.

We’ll pass along additional news on Vick’s home in Duluth as it becomes available.

2 comments

The eight-bedroom, 20,000-square-foot mansion of former National Football League (NFL) superstar and current Fort Leavenworth prison inmate, Michael Vick, is scheduled to hit the auction block for a minimum bid of $3.2 million on March 10.

Bidding is set to begin at $25,000 increments until a bid of $3.3 million is reached. Bids will then be done in $10,000 increments, according to an MSNBC.com report.

NFL Fan House has a little slideshow of the luxurious Gwinnett County residence, which is near Atlanta and where Vick plied his trade as quarterback for the Falcons until he was sentenced to serve a 23-month sentence at the federal penitentiary under terms of his plea for running a major dogfighting operation.

During that time he has struggled to repay creditors and has filed for bankruptcy. The sale of the Atlanta home, which he more than likely no longer needs since he was released from the Falcons after his arrest, and other assets will be put toward paying off debts the 28-year-old athlete has amassed.

Vick is scheduled to be released in May to serve the final two months of his sentence under home confinement at another property he owns in in Hampton, Va. He has expressed an interest in returning to the gridiron; however, he will have to receive the stamp of approval from the league commissioner before that can happen.

No comments


It’s déjà vu all over again for a Lake City, Ga., couple that was featured on Extreme Makeover: Home Edition.

Milton and Patricia Harper are once again in danger of losing their 5,500-square-foot Clayton County home in suburban Atlanta to foreclosure, according to WSBTV.com.

The homeowners first encountered mortgage trouble back in July 2008 when they defaulted on a second $450,000 loan that they took out against the rebuilt mansion to finance a construction business that eventually went belly up.

It appeared that they were able to resolve the situation with their lender when it did not go up for auction. Not for long — now the home is once again headed for the courthouse steps on Tuesday, March 3.

Extreme Makeover: Home Edition involves a team of designers, contractors and several 100 workers who all have just seven days to totally rebuild an entire house — every single room, plus the exterior and landscaping, according to the program’s official Web site.

While the intentions are well-placed it is, unfortunately, not uncommon for families featured on the show to run into problems once the construction and camera crews wrap things up.

Eric Hebert reportedly has little more than 90 days to cure the default or lose his Sandpoint, Idaho, home to the bank after he used the new digs as collateral to pay off an old mortgage. Sadie Holmes of Florida has had to battle code violations as a result of her remodel. And a family in Oak Park, Mich., was only able to stay in their residence thanks to outside donations.

2 comments

suleman_family

The grandmother of recently-born octuplets, Angela Suleman, owes more than $20,000 in late mortgage payments on her home in Whittier, Calif., and is in danger of losing it to foreclosure, according to TMZ.com.

Angela Suleman is the mother of Nadya Suleman, who herself happens to have quite a few kids of her own. Nadya, in fact, has captured major national headlines recently because she delivered a litter of eight children all at once, raising her total to 14 offspring.

But all the attention has, for the most part, been negative.

That’s because the divorced single mother — who is unemployed, lives with her mother, receives food stamps and collects government disability checks for three of her children — conceived her most recent brood via in-vitro fertilization, which is apparently not the most logical decision when already struggling to make ends meet.

Angela, the grandmother, has been outspoken and critical of her daughter’s thought process. She has good reason to speak up, too, because the enormous physical and financial burden of caring for all the kids has landed squarely on her shoulders.

Indeed, she provides the roof over their heads and helps take care of them on a day-to-day basis.

The good news is that with all her new-found fame (or disdain), Nadya landed a high profile paid appearance on “60 Minutes,” which she reportedly pocketed a large sum for granting the interview request. And there could be more on the way.

But with 14 children, a home in default and a scary diaper bill, among other expenses, there is no telling how long similar opportunities and that money will last. Hopefully, for the sake of the children, it’s long enough to remain in their family home for a very long time.

Check out a video of Nadya Suleman on “60 Minutes” after the jump.

Read the rest of this entry »

1 comment

sam-lufti

Hollywood stars such as Britney Spears often go in to foreclosure (to see a list and pictures click here), but this time around it is her manager who is in distress and not the former pop starlet herself.

Her estranged manager, Sam Lufti, is reportedly facing foreclosure on his Californian home after allegedly running up more than $18,000 in debt, according to TMZ.com.

In fact, a collection agency has placed a lien on the Los Angeles property in an effort to recoup the outstanding funds. And if Lufti does not cough up the cash sooner rather than later he could lose the home to foreclosure. He also allegedly owes a United States bank an undisclosed sum for unpaid credit card debt.

Lufti and Spears had a very public and unceremonious split, swapping legal papers and hurling accusations through the media. Spears recently had a restraining order placed on Lufti (and others) and he responded by suing her parents for defamation.

This whole situation sounds “toxic.”

No comments
Page 5 of 8«12345678»
Privacy Policy | Terms and Conditions of Service
© Foreclosure.com / ForeclosureFreeSearch, Inc. 1999-2009. All Rights Reserved.

Foreclosures | Foreclosure Listings