Celebrity Foreclosures

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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.

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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.”

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fantasia-barrinojp

Season three winner of “American Idol” — the smashing singing show series from FOX — apparently defaulted on a loan for one of her homes in Charlotte, N.C., and could lose it to foreclosure, according to the New York Post.

In fact, court records indicate that the sprawling 6,500-square-foot $1.3 million house will head to the auction block on January 12, 2009, if the matter is not resolved before then.

Broward Energy Management claims that the R&B/soul singer — who also recently starred as Celie in the Broadway musical of Oprah Winfrey’s “The Color Purple” — is delinquent on a $58,000 loan.

However, the report refers to the lender as “shadowy.” In addition, TMZ.com recently reported that representatives close to Barrino revealed that this is all “just a misunderstanding.”

Time will tell … hopefully it all works out well for her in the end.

Barrino hails from High Point in the “Tar Heel State.” She owns another home in Charlotte near the one that is currently the subject of foreclosure talk.

For more celebrity foreclosure-related news click here.

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Former member of “The Fugees” and acclaimed hip hop producer Wyclef Jean — who has sold more than 30 million albums throughout his illustrious career — is the latest celebrity to feel the foreclosure blues.

Several published reports indicate that Jean and several friends failed to pay construction costs and fines on an unfinished $1.4 million Miami, Fla., mansion that the group purchased together more than two years ago with plans to renovate.

All told, Jean and Co. now owe approximately $2.4 million on the home. And if the outstanding liens and payments are not cured in a matter of days, the home will be foreclosed on and sold at public auction on December 12.

Jean joins a growing list of other high-profile homeowners, including Michael Jackson, Jose Canseco, Ed McMahon, Evander Holyfied, Latrell Sprewell and others, who have recently found themselves facing foreclosure situations.

It just goes to show once again that no one is immune to foreclosure — it can happen to anyone at anytime.

For more celebrity foreclosure-related news click here.

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ed mcmahon foreclosure

Ed McMahon — who recently captured national media headlines because he defaulted on $4.8 million home loan — has found a buyer for his six-bedroom, five-bathroom Beverly Hills, Calif., estate, according to TheCelebrityCafe.com.

It’s great news for the 85-year-old iconic television personality who is perhaps best known for his role as an announcer on the “Tonight Show” with Johnny Carson for three decades.

Not only does he avoid foreclosure, but he also closes a deal to sell the $5.75 million home that has been more than two years in the making.

Speculation swirled that real estate magnate, television reality tycoon and author, Donald Trump, was the front runner to purchase the home from McMahon. He then intended to lease it back to him. However, it appears that the deal never came to fruition.

Instead, an anonymous buyer stepped up at the last minute. And according to the report, McMahon has six months to vacate the property and find new digs.

That’s apparently a good thing because McMahon was eager to move on. In fact, he had this to say about this situation in a recent interview with Larry King on CNN.com:

“It’s a combination, it’s like a perfect storm. Economy problems. Selling the house right now is a tremendous operation …. We’ve had this house on the market for two years. We’ve shown it, I don’t know how many, 50 organizations or people. Nobody has made an offer. I mean, it’s just a lovely home.”

It appears that all he needed was some very high-profile marketing to find the right buyer, bringing new meaning to the expression, “everything happens for a reason.”

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