Sunday, September 30, 2012

Celebrities Hit By The Foreclosure Crisis

Celebrities Hit By The Foreclosure Crisis, A bank foreclosed on this comedian's 10,000 square-foot mansion in Lake County, Florida. Celebrities who have faced foreclosure, "We are seeing foreclosure activity on higher-end homes increase at a faster pace for the past two years," says Daren Blomquist, vice president ofRealtyTrac. From 2007 to 2011, foreclosure activity on homes worth more than a $1 million increased 489%, compared with a 105% increase on properties under $1 million, according to the Irvine, Calif.-based real estate information provider.

Forbes sifted through news reports, foreclosure filings and property listings to uncover examples of high-profile homeowners who face foreclosure or have at some point in the past year or so.


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