Burt Reynolds’ Florida Home in Foreclosure
Burt Reynolds was once Hollywood’s much-loved highest-paid actors. Today, 75 years old, Reynolds has run into some financial trouble.
It has been reported he has not paid the 4-acre waterfront home in Florida since September 1, 2010. He currently has two mortgages on the home. The first mortgage he owes $1.2 million, and the second mortgage is behind $750,000. The judge is ordering the home to be sold in order to pay off the debt.
The Mediterranean-style home includes includes a swimming pool, private beach, boat dock, cinema and hair salon. The property is valued at $2.4 million.
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.
Elizabeth Taylor death puts husbands foreclosure in spotlight
While Elizabeth Taylor battled to survive from congestive heart failure, one of her eight ex-husbands, Larry Fortensky, reportedly battled foreclosure.
And the former construction worker, who struck it rich when he married the two-time Academy Award winner in 1991, apparently had no shame, hitting “Cleopatra” up on her death bed for more money so he could save his house.
Taylor denied his latest request, which was not the first.
MSN.com reports that Taylor graciously forked over $50,000 large to bail Fortensky — 20 years her junior — out of real estate trouble in 2009.
That’s after Fortensky used money that he received from their divorce settlement, which was undisclosed but likely ungodly, in 1996 to purchase the three-bedroom home in Temecula, California.
At the time of her death on March 23, 2011, at age 79, Taylor was worth an estimated $600 million.
Sorry, Larry, time to find another sugar mama.
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.
