Celebs in real estate and financial trouble

[morekaos]

This one is even worse than Mz. Stones losses.  Poor Rupert just can't catch a break these days.

http://www.inquisitr.com/145479/rupert-murdoch-mansion/

Rupert Murdoch’s Long Island Mansion Goes For $9.1 Million

Life just gets more unbearable and squalid for 80-year-old multi-gazillionnaire Rupert Murdoch and his 42-year-old wife Wendi Deng.

Fresh from the News Corp. hacking scandal, The Real Estalker reports that the media mogul has made a $5.7 million loss on his mansion in Long Island. The final sale price? $9.1 million.

Murdoch put the mansion, named ‘Rosehearty,’ up for sale on the open market in June 2007. Back then, it carried a price of $14.8 million. Four years later, that figure has collapsed.

So, what does $9.1 million get you nowadays? Well, Rosehearty is a stately 1900s Colonial mansion with 11 bedrooms, 7.5 bathrooms, a 950-square foot guest house, and a 50-foot swimming pool with pool house.

Measuring around 10,000 square feet, the mansion also comes with a 950-square foot guesthouse, a garage that’s big enough for eight cars, a beach cabana, and a floodlit tennis court.

The Real Estalker notes that the sale should still be considered a rumor for now, as it’s yet to appear on property records, but someone may have got themselves a bargain from poor old Rupert.

Hopefully Mr. Murdoch can be consoled while he reflects on his loss in his $44 million Fifth Avenue triplex. Or his 8,651-square foot Wallace Neff-designed mansion in Beverly Hills (11 bedrooms and 9 bathrooms). I hear either suffices.

[morekaos]

Little Ashlee Simpson is learning a very expensive leason in real estate investment. Do you think with her career she can afford an $800,000.00 loss?  Ashlee who?

http://www.redfin.com/CA/Beverly-Hills/9718-Oak-Pass-Rd-90210/home/6833405

Apr 06, 2011  Listed (Active)  $3,699,000  --  TheMLS #11-518605   
May 26, 2010  - Delisted (Withdrawn)  --  --  Inactive TheMLS #5   
May 26, 2010  - Relisted (Active)  --  --  Inactive TheMLS #5   
May 17, 2010  - Pending (Backup Offers Accepted)  --  --  Inactive TheMLS #5   
Apr 07, 2010  - Price Changed  *  --  Inactive TheMLS #5   
Jan 11, 2010  - Listed (Active)  *  --  Inactive TheMLS #5   
Jan 11, 2007  Sold (Public Records)  $4,500,000  22.4%/yr  Public Records 

Sold on 06/14/2011
$3,475,000

One million dollar plus loss!!!!  Better get that reality show gig back.

[morekaos]

Man, I guess Chris Tucker is not laughing about this loss.

http://www.zillow.com/homedetails/16607-Arezo-Ct-Montverde-FL-34756/82057852_zpid/

07/17/2010  Listed for sale *  $2,000,000  -66.7%  $225  RE/MAX Central Realty   
06/20/2007  Sold  $6,000,000  1,296%  $677  Public Record 

I suppose not paying your taxes may have helped along this forced sale.

http://www.tmz.com/2010/07/27/chris-tucker-taxes-tax-problems-11-million-federal-irs-internal-revenue-service-debt-nic-cage-rush-hour/?loc=interstitialskip

Chris Tucker -- 11 Million Tax Problems
7/28/2010 12:30 AM PDT by TMZ Staff


--------------------------------------------------------------------------------

Chris Tucker's ongoing tax problems have reached Nicolas Cage proportions -- according to new docs, the "Rush Hour" star now owes the IRS more than $11 million in back taxes.

Well it looks like it went from a forced sale to a full blown foreclosure (probably the biggest strategic default I have seen)

http://articles.orlandosentinel.com/2011-10-12/news/os-chris-tucker-foreclosure-20111011_1_foreclosure-papers-jackie-chan-film-series


Foreclosure papers filed on Central Florida mansion of 'Rush Hour' star Chris Tucker

Court papers say Chris Tucker owes more than $4 million for home with a pirate-ship basement

MONTVERDE — Comedian Chris Tucker, who starred as a wise-cracking L.A. police detective with martial-arts star Jackie Chan in the blockbuster "Rush Hour" film series, could soon lose his multimillion-dollar mansion in Central Florida.

 Tucker, 39, bought the 10,000-square-foot waterfront home on Lake Apopka in the pricey Bella Collina community in 2007 for $6 million but owes more than $4.4 million to SunTrust Bank, according to foreclosure papers filed in Circuit Court in Lake County.

[morekaos]

And Donald Trump takes one on the chin.  Not that this little venture wasn't doomed from day one but here it is in print.

http://www.redfin.com/CA/Rancho-Palos-Verdes/32045-Isthmus-View-Dr-90275/home/22931516

Oct 19, 2011  Sold (MLS) (Closed)  $7,150,000  --  Inactive CRMLS #S10066341   
Sep 26, 2011  Pending  --  --  Inactive CRMLS #S10066341   
Jun 21, 2010  Listed (Active)  $12,000,000  --  Inactive CRMLS #S10066341 

Only $5 million off list.  Someone is gonna get fired

[morekaos]

A sure sign of distress is building your "dream house"  then renting it out because you can't afford to live there!!!  Doh!!

http://gawker.com/5863129/for-20000-a-week-pam-anderson-could-be-your-landlady

For $20,000 a Week, Pam Anderson Could Be Your Landlady


The Virgin Saint and fierce protectress of chastity and virtue, Pamela Anderson, is renting her out home for $20,000 a week. So many things are that amount of money: college tuition, a nice car, my entire salary, half an Olsen sister's purse! Perhaps rent is so insanely high because the home is decorated by the Lady of the Manor herself. Yikes. Or maybe it is due to the crazy rumors flying that Pammy is experiencing some money woes of her own and is fixing to make a buck or two off the home. Whatever the reason, this place ain't cheap.
 
The three bedroom, 2.5 bath, one outdoor-wigwam (well, Pam is Canadian) home comes with all the expected amenities that make up a Malibu manse: fireplaces, beach views, saunas and steam showers, and a saltwater swimming pool with swim-up bar outside. There is also a private staircase accessible only through the master bedroom that leads to the roof. And if you pull Pamela's left boob a swinging bookcase slides open to reveal the meeting place of the Opus Dei.

[morekaos]

Don't need a CSI unit to figure out what went wrong...

http://www.tmz.com/2011/12/10/gary-dourdan-foreclosure/

His 2011 has included arrests for domestic violence and drug possession (on a night that included a massive car wreck) so it's only fitting Gary Dourdan end the year with a foreclosure hanging over his head ... this according to documents obtained by TMZ.

According to docs filed back in September, Dourdan defaulted on his mortgage after he missed a payment due on July 1. The docs say Dourdan owes $61,558.90 as of September 28, 2011 .... on the Venice pad he bought back in 2004 for $922,000.

[morekaos]

My astonishment is not the 75% loss but that people would pay almost a half a million dollars for 190 (you read that right) square feet.....in 2002!!!!  I don't care if it fronts Heaven itself and your account balance TOPS GOD's.  That breaks down to $2447.37 a square...we were doomed to collapse.

http://www.tmz.com/2011/12/13/beyonce-takes-huge-loss-on-swanky-miami-condo/#.TulSlHo4dmI

Beyonce Takes HUGE Losson TINY Miami Beach Pad

Beyonce Knowles just got her pregnant ass handed to her in the real estate market ... selling off her swanky beachfront Miami property for 75% LESS than she bought it for ... TMZ has learned.

According to public records, Beyonce dropped $465,000 on a tiny cabana in a glitzy Miami condo complex back in 2002 -- it only measured 190 square feet ... and contained one 1/2 bathroom.

The place is basically a small little beachfront room, from which Beyonce could walk to and from the sand and the pool.

It's highly likely Beyonce owned a bigger condo in the complex ... and used the cabana so she could change and use her own private restroom without having to schlep all the way back through the building.

But that was BEFORE November 9th ... when  B sold the cabana for $110,000 ... a tad below her $135,000 asking price ... and $355,000 LESS than she paid for it. 

Tough loss ... but we're guessing she'll be able to get by somehow.

[morekaos]

Frying pan to fire. Literally.

http://www.observer.com/2011/12/courtney-love-could-be-homeless-after-messy-renovations/

Courtney Love Could Be Homeless After Messy Renovations

Poor Courtney Love. After spending forever looking for a new place in the city, she finally found her dream home at 250 West 10th Street—with a little help from her friends at Curbed. But now Ms. Love’s landlords are threatening to evict her, after she has turned the townhouse into a regular hellhole.
 
According to attorneys for the landlord, Ms. Love extensively redecorated the place without the owner’s consent, something expressly forbidden in the lease agreement. We’re thinking red-lipstick stains on the white walls. According to a suit, which will be heard next week, Ms Love “has wallpapered and repainted significant portions of the interior.”
 
Not to mention that little fire in the upstairs bedroom. Fire crews were called in June when the bed linens and curtains went up in flames. Courtney, how many times have we told you, no more smoking in bed!
 
The landlord claims it will cost $100,000 to restore the 1827 townhouse to its former glory, which was created by noted architect Steven Gambrel.
 
Then there’s also the teensy little problem of $54,000 in back rent. That may sound like a lot, but the case also reveals that Ms. Love is paying $324,000 a year in rent, or $27,000 a month. Perhaps those Nirvana royalties aren’t paying like they used to? The landlord has begun a non-payment proceeding at the New York City Civil Court seeing Ms. Love’s eviction.
 
Well on the upside, she’ll fit right in on the street with her signature crazy-eyes, matted-hair and unintelligible babbling.

[morekaos]

More Rockers over their heads.  James “Munky” Shaffer, guitarist for metal rock band KORN has lost a bushle of corn on these cool digs.

http://www.redfin.com/CA/Laguna-Beach/165-Crescent-Bay-Dr-92651/home/3261145

Dec 20, 2011  Sold (MLS) (Closed)  $2,600,000  --  Inactive CRMLS #L36766   
Dec 19, 2011  Pending  --  --  Inactive CRMLS #L36766   
Dec 17, 2011  Pending (Backup Offers Accepted)  --  --  Inactive CRMLS #L36766   
Oct 22, 2011  Price Changed  $2,795,000  --  Inactive CRMLS #L36766   
Aug 08, 2011  Listed (Active)  $2,895,000  --  Inactive CRMLS #L36766   
Jun 29, 2011  - Delisted (Withdrawn)  --  --  Inactive CRMLS #3   
Jan 28, 2011  - Listed (Active)  *  --  Inactive CRMLS #3   
Sep 03, 2010  - Delisted (Hold)  --  --  Inactive CRMLS #2   
Jun 23, 2010  - Price Changed  *  --  Inactive CRMLS #2   
Nov 24, 2009  - Price Changed  *  --  Inactive CRMLS #2   
Oct 19, 2009  - Price Changed  *  --  Inactive CRMLS #2   
Sep 08, 2009  - Price Changed  *  --  Inactive CRMLS #2   
Jun 05, 2009  - Price Changed  *  --  Inactive CRMLS #2   
Apr 26, 2009  - Listed  *  --  Inactive CRMLS #2   
Jun 23, 2005  Sold (Public Records)  $3,000,000  12.0%/yr  Public Records

http://southcoasthomes.ocregister.com/2009/09/28/why-rockstar-thinks-you-should-buy-his-home/

Why rockstar thinks you should buy his home

[morekaos]

Bahahahahahah!!!!

http://miami.cbslocal.com/2012/01/16/bank-foreclosing-on-o-j-simpsons-kendall-home/

Bank Foreclosing On O.J. Simpson’s Kendall Home


MIAMI (CBSMiami/AP) – JPMorgan Chase is moving forward with foreclosure proceedings on the Kendall home of O.J. Simpson.
 
Simpson, who is serving time in Nevada for kidnapping and armed robbery, bought the four-bedroom, four-bath house in 2000 for $575,000. Its current assessed value is $478,401.
 
The 64-year-old former football star and actor is serving a nine-to-33-year prison sentence in a 2007 armed confrontation with sports memorabilia dealers in a Las Vegas casino hotel room.

[morekaos]

Is it possible this house is cursed?  First Nic Cage loses his buns and has to sell and now Jerry Herbst (Terrible Herbst) is selling everything (including this house) to hide assets as his casino investments drag them under.

http://www.lvrj.com/business/terrrible-herbst-owner-selling-newport-beach-home-92909849.html

http://www.redfin.com/CA/Newport-Beach/2692-Bayshore-Dr-92663/home/3246083

It just gets worse..

http://lansner.ocregister.com/2011/03/02/nic-cage-house-selling-18-below-record-price/101381/

Nic Cage house selling 18% below record price

A Newport Beach mansion formerly owned by Nicolas Cage is now selling for $6.5 million less than the record $35 million that the movie actor got when it sold it three years ago.

The waterfront home, located on Bayshore Drive with a clear view across the channel, fetched the highest price ever paid for an Orange County home when Cage sold it in January 2008 to Jerry Herbst, owner of the Las Vegas-based Terrible Herbst chain of gas stations and casinos.

Herbst, who paid Cage $35 million, is now asking $28.5 million for the home, or 18.6% less than what he paid.

The price cut may be a barometer for how much prices for trophy homes have come down during the ongoing housing slump. Agents say that price reductions have been commonplace across the board for high-end homes of all types.

Its official,  this house is cursed....

http://newporthomes.ocregister.com/2012/01/16/balboa-bay-club-sale-falling-apart/

Balboa Bay Club sale falls apart

Sources say that Chung’s difficulty getting money out of China was a problem not just for the bay club deal but also for his reported interest in buying the waterfront house formerly owned by actor Nicolas Cage, once Orange County’s highest-price residence.

[morekaos]

How the heck does Kristen Bell lose her house after this splashy article in brag sheet In Style..I suppose it is now "in Style" to lose your house to foreclosure.

http://www.instyle.com/instyle/package/general/photos/0,,20302958_20220788_20665998,00.html

According to Real Estalker..

"Our own perusal of the property records confirms Miz Giveyousomedirt's accounting of the ugly matter and reveals twenty-something year old Miss Bell's secluded residence nestled snugly into the thickly wooded hills above Studio City with an easterly view over the neon lights of CityWalk at Universal Studios was snatched back by the bank in late January of this year (2012)."

http://realestalker.blogspot.com/2012/02/la-home-of-kristen-bell-falls-into.html

[morekaos]

How the heck does Kristen Bell lose her house after this splashy article in brag sheet In Style..I suppose it is now "in Style" to lose your house to foreclosure.

http://www.instyle.com/instyle/package/general/photos/0,,20302958_20220788_20665998,00.html

According to Real Estalker..

"Our own perusal of the property records confirms Miz Giveyousomedirt's accounting of the ugly matter and reveals twenty-something year old Miss Bell's secluded residence nestled snugly into the thickly wooded hills above Studio City with an easterly view over the neon lights of CityWalk at Universal Studios was snatched back by the bank in late January of this year (2012)."

http://realestalker.blogspot.com/2012/02/la-home-of-kristen-bell-falls-into.html

And it hits the market with a thud...

http://www.redfin.com/CA/Studio-City/10948-Alta-View-Dr-91604/home/21921811

Feb 22, 2012  Listed (Active)  $1,995,000  --  TheMLS #12-583415   
Jan 30, 2012  Sold (Public Records) This home was foreclosed     $2,622,934  --  Public Records   
Nov 16, 2006  Sold (Public Records) $3,100,000  --  Public Records 

[morekaos]

Looks like them "Hills" are not filled with gold...

Reality TV star’s family home foreclosed in Laguna Beach

The Laguna Beach family home of reality TV star Kristin Cavallari was foreclosed on about a month ago, according to public records.
Sitting high atop the hillside in South Laguna’s gated Three Arch Bay community, the property at 96 Vista Del Sol sold to OneWest Bank Feb. 27 for $6.11 million, records show
In early 2009 the property was listed for as much as $13.95 million, according to Register records and the Multiple Listing Service.
 
This sprawling ocean-view home even made a TV cameo. Cavallari, of “Dancing With the Stars” and MTV’s “Laguna Beach” and “The Hills” fame, visited the home with camera crews for season 5, episode 14 of “The Hills,” according to mtv.com.
 
Carved into a 3.17-acre pad on the hillside, the contemporary-meets-craftsman style residence features a pool, a spa, a dry sauna, a steam sauna, a yoga studio, a media room, Feng Shui certified design and more. The 7,100-square-foot floor plan offers open concept spaces for entertaining throughout

[zubs]

"Feng Shui" certified design.....laugh
Obviously the "Feng Shui" didn't work.