Even Celebrities Experience Foreclosure!Leave a comment »se you are well known does not mean you are immune from the foreclosure crisis. Celebrities like Jose Canseco, Courtney Love, Ed McMahon, Marion Jones and Michael Jackson all have found themselves in trouble with their mortgages. Read Also: Rich & Famous not immune Celebrities are not immune from making bad financial decisions and the realities of foreclosure. Interested in seeing what celebrities are in danger of losing their luxury homes there are several articles over at Luxist that share the celebrities in trouble. Read Also: LALand's Celebrity Foreclosure List It is hard to understand how someone who is rich and famous could be running out of money and facing foreclosure. But just because they are famous does not mean that they make sound financial decisions. The housing market has seen better days, and when Real Estate values were rising, and there was no end in sight to the increases. To maintain that lifestyle costs money and many of these celebrities are living paycheck to paycheck. Read Also: Celebrity Foreclosures <--> http://www.sandiegoforeclosureconnection.com/004174
Posted on July 11, 2008 11:31:53 by Amy and Susan
Posted in Foreclosure News
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