Chris Tucker $6 Million Home in Foreclosure
Chris Tucker, the “Rush Hour” star’s home is in Foreclosure. He purchased the 10,000-square foot waterfront home in 2007. The mansion is worth $6 million in Lake Apoka, just outside of Orlando, Florida. The Circuit Court in Lake County reports Tucker owes the bank $4.4 million.
The documents from the courts show an $11.5 million IRS lien on the home. This 2011 lien is to collect federal income taxes from Tucker. In addition, the documents show his monthly mortgage payment at $25,812.50
Tucker has not commented on the foreclosure filing yet. Reports show he has rescheduled his comedy show because of “unforeseen circumstances.”
Jermaine Dupri Saves Altanta Mansion From Foreclosure
The hip hop artist and Grammy-winning producer, Jermaine Dupri, fell behind on payments for his Atlanta mansion. Last week, the home almost went into auction for unknown reasons. The sale was terminated at the last minute. Maybe he learned a lesson from 2002 when his property was seized by IRS agents for an outstanding debt of over $2 million.
No details have been specified why the home was removed from auction. The foreclosure was started on the original amount over $2.5 million from Suntrust Bank. Dupri also owes $14,024.67 on unpaid property taxes, penalties and fees that are connected with another home he owns.
In addition, it’s been reported Dupri owes the State of Georgia $493,768.75 for back taxes from 2007.
If that isn’t bad enough, now he owes a contractor $12,000 that has been managing the home’s renovations. The contractor, Tom Regan, filed a lien on Dupri’s mansion for the unpaid bill. The ‘Money Ain’t a Thang’ artist’s financial woes are far from over with his recent court ordered child support bill he just received.
Purple Rain: Prince ponies up $368,000 to save Minnesota property from foreclosure
How tall is Prince? Dude is a diminutive 5’2.”
But height doesn’t matter when you’ve got deep ass pockets that can cut checks for $368,000 without batting a fake eyelash.
That’s exactly what the little man did last weekend, saving a 20-acre, $1.15 million piece of property he owns in Chanhaseen, Minn., from heading to a foreclosure auction.
Sure, “Mr. Nelson” defaulted on a loan from Bank of New York Mellon Trust Co., which scheduled a now-canceled Sheriff sale for May 13, 2011.
He probably just didn’t feel like paying it at the time.
Same goes for the $1.3 million he just coughed up for current and delinquent property taxes that were owed from 2009 and 2010, as well as the tax bills from 2006 and 2008 that he still apparently owes Uncle Sam.
Prince just makes it rain when he wants it to rain, Shorty. It’s that simple
I know, I know, I know … times are changing.
Nate Dogg death doesn’t prevent foreclosure
Welcome, ladies and gentleman (and I use those terms super loosely … again), to our second posthumous foreclosure.
First, it was the late actress Brittany Murphy. Now, it seems as though the recently deceased rapper Nate Dogg has joined the immortally distressed real estate club.
TMZ.com reports that popular hip-hopper, who battled myriad heart- and stroke-related health problems, had fallen behind on his mortgage prior to his untimely death last month at the age of 41.
And on March 17, 2011, just two days after his passing, the bank initiated foreclosure proceedings on his Pomona, Calif., home, looking to recoup the $5,925.12 of late payments that date back to Dec. 2010.
So much for resting in peace.
Patricia Kluge’s Albemarle House in Virginia foreclosure, Donald Trump to the rescue
Patricia Kluge was once a young, beautiful woman who married a billionaire, divorced him and walked out the door with a measly $1 million a year.
My how things have changed. Kluge, 62, has been in a financial downfall since.
Her former mansion was slapped with a $22.8 million lien from Bank of America. This 45-room Charlottesville, Va., mansion was originally valued at $100 million. It is now worth $16 million. Bank of America put the home in a foreclosure auction, which caught the attention of none other than Donald Trump.
After negotiations, the real estate tycoon sealed the deal, purchasing Kluge Estate Winery and Vineyard for a steal — $6.2 million for 800 acres. Trump announced plans to revive the business with help from former owners Patricia Kluge and her current husband Bill Moses.
Kluge called her dear friend Trump’s purchase an end to her “personal Armageddon.”
Reports say that Trump has plans to change the name of the winery to no other than Trump, of course.
So keep an eye out for Trump Wine. It will be next to the Trump Tea, Trump Vodka, Trump Chocolate and Trump Ice.
