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Property: Southeast Federal Highway, Hobe Sound, Fla. The "Smokey and the Bandit" star has allegedly not paid his his $1.2 million mortgage in two years. It is listed as a short sale for $5 million -- a third of his purchase price. The waterfront estate boasts 12,500 square feet, a helipad and yacht dockage.
Celebrity Forecl...Forbes sifted through news reports, foreclosure filings and property listings to uncover examples of high-profile homeowners, from pop stars to pro athletes, who face foreclosure or have been foreclosed on in the past year.
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Terrell Owens, N...The football receiver has faced foreclosure on a handful of properties since last year. Two condos he owned in Dallas, Texas were sold in short sales earlier this year after lenders started the foreclosure process, and two more repossessed by lenders. His Trump International condo sold via short sale in July, following news that he had failed to make both mortgage and maintenance payments on the Fla. apartment.
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Burt Reynolds, A...Property: Southeast Federal Highway, Hobe Sound, Fla. The "Smokey and the Bandit" star has allegedly not paid his his $1.2 million mortgage in two years. It is listed as a short sale for $5 million -- a third of his purchase price. The waterfront estate boasts 12,500 square feet, a helipad and yacht dockage.
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Evander Holyfiel...Property: Evander Holyfield Highway, Fairburn, Ga. The boxing champ owed more than $14 million on his Atlanta-area mansion. In March the massive 54,000-square-foot home was "purchased" by lender J.P. Morgan Chase at a foreclosure auction for early 50 percent less. The lender allowed Holyfield to occupy the 109-room estate for several months following the foreclosure sale. He reportedly moved out in July.
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Rihanna, SingerProperty: Janice Place, Beverly Hills, Calif. In 2009 the pop star bought a $6.9 million 8,520-square-foot contemporary home and then flooding caused "extensive damage," according to its subsequent listing for $4.5 million, as is. The singer defaulted on the home, selling it as a short sale earlier this year to a buyer who ultimately paid more than the asking price.
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Chris Tucker, Co...Property: Bella Collina manison, Lake County, Fla. In October, Sun Trust Bank filed foreclosure papers alleging that comedian Chris Tucker owed $4.4 million on the 10,000-square-foot mansion he had purchased at the market high. It finally sold in a short sale earlier this year for $1.7 million. The "Rush Hour" star also reportedly owes the IRS $11.5 million in back taxes.
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
David Cassidy, S...Property: Las Olas Riverhouse penthouse, Fort Lauderdale, Fla. Cassidy, who ascended to teen stardom in the 1970s TV show "The Partridge Family," reportedly surrendered a rental property investment to the lender, rather than continue through the foreclosure process.
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Nadya "Octomom" ...Property: Madonna Lane, La Habra, Calif. The foreclosure process on the 2,445-square-foot house of the reality TV star was finalized in June, with the bank repossessing the property in an auction that produced no bids. The first default notice was filed on the Orange County abode in late 2011. Suleman, who became a household name after giving birth to octuplets, filed for Chapter 7 bankruptcy in May.
