Thursday, March 21, 2013

R. Kelly Mansion Loss And Other Celebs Who Suffered Home Foreclosures (PHOTOS)

As of Monday, R&B Artist R. Kelly's mansion loss was J.P. Morgan Chase's gain, reported the Chicago Sun-Times. The singer's Olympia Fields, Illinois house was bought by the bank for $950K, even though it was once worth nearly $5 Million.

Unfortunately, over the years several notable A-listers have been victims of public financial hardships that lead to them losing their properties. Click through our slideshow of 10 celebrities who have suffered a home foreclosure.

  • Toni Braxton

    The Duluth abode was purchased by the singer in 2004 for a reported $2 million. <a href="http://www.huffingtonpost.com/2012/11/13/toni-braxtons-home-foreclosed_n_2122583.html" target="_blank">She lost the home when she filed bankruptcy in 2010</a>.

  • Nadya Suleman AKA 'Octomom'

    The <a href="http://www.tmz.com/2012/06/19/octomom-house-officially-foreclosed-la-habra-mortgage/" target="_blank">Californian home was given back to the bank </a>after going up for auctions with no bidders.

  • Terrell Owens

    The NFL player's Dallas condo was solde right before foreclosure.

  • Scott Storch

    <a href="http://miami.curbed.com/archives/2012/10/16/birdman-buys-scott-storchs-place.php" target="_blank">Rapper Birdman actually bought</a> Storch's foreclosed Miami home.

  • Allison Janney

    The actress' <a href="http://radaronline.com/exclusives/2012/11/allison-janney-loses-palm-springs-house-foreclosure/" target="_blank">Palm Spring home</a> went into foreclosure and was eventually sold for $2.4 million.

  • Nicholas Cage

    In 2010, <a href="http://www.huffingtonpost.com/2010/11/10/former-nicolas-cage-forec_n_781661.html#s78009" target="_blank">Cage's Los Angeles home</a> was auctioned off.

  • Warren Sapp

    The <a href="http://www.realtor.com/blogs/2012/09/10/bankruptcy-court-selling-nfl-warren-sapp-florida-mansion-3-8m-photos/" target="_blank">Florida mansion</a> was put up for auction in 2010.

  • Lenny Dykstra

    The <a href="http://www.realtor.com/blogs/2012/12/09/sunday-sportsnba-nicolas-batum-x-games-shaun-white-buy-homes/" target="_blank">baseball player lost the home</a> he bought from Wayne Gretzky in 2010.

  • Pre-Foreclosures Exposed - Is It Wrong To Publicize Foreclosures Early?

    Zillow plans to attract more homebuyers to their site by publishing homes in foreclosure before they go on sale. Is this smart or predatory business?

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Source: http://www.huffingtonpost.com/2013/03/20/r-kelly-mansion-loss-celebs-foreclosures_n_2918839.html

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