Jon and Kate Go Upside Down on Home
Jon and Kate are in the news for just about everything. According to Zillow.com, the two reality stars who are now divorced have sold the Pennsylvania home from their show, Jon and Kate Plus 8. The news is really that they sold the home for less than it’s worth.
Apparently the ex-couple bought the home for $280,000 back in 2006. They sold the home last month for a whopping $258,000. Yep, that’s $22, 000 less than what they bought it for.
While the separated reality stars go on with their lives, money seems to be of the utter importance. Kate is writing books while Jon is hitting up TLC for money.
Brian Austin Green Might See His Home Foreclosed Soon
Another Hollywood Hills home may be headed to foreclosure. The home belongs to Brian Austin Green, from Beverly Hills 90210 where he played David Silver…..remember him? Austin is apparently $70,000 behind on his mortgage.
Legal papers have been filed by SunTrust Mortgage, Inc in Los Angeles. Austin owes $71,251.42. The foreclosure process has begun on the home and if Brian doesn’t pay up, he will see his home on the auction block.
TMZ reported that Brian has worked out a deal to sell the property in a short sale but this is all up to the bank.
Dallas Stars Need A New Owner
Wanna buy a hockey team? Well the Dallas Stars are for sale and need a new owner as soon as possibe. Tom Hicks, the owner of the Dallas Stars and previous owner of the now sold Texas Rangers, is seeking a new owner after defaulting on $525 million in loans.
Hicks acquired the Dallas Stars back in 1996 and saw the team to a Stanley Cup in ’99. The only problem is that it was ten years ago and since they haven’t had an amazing season since, fans are diminishing.
The Dallas Stars are next big sale after he sold the Texas Rangers. Hicks also owns part of Liverpool and there seems to be no word on what he will do there.
Foreclosing on the Olympics
A celebrity amongst the world’s top ski resorts and the location of the 2010 Winter Olympics may need a giant-sized ski pole to lift itself out of this financial snafu… and talk about timing. The winter Olympics set to start next month may be facing a giant obstacle, a foreclosure auction. Specifically, Vancouver’s Whistler Blackcomb resort the site of many of the events could possibly be sold to the highest bidder mid-festivities.
The owners of the resort, Intrawest, apparently missed a $524 million payment to Fortress Investment Group, a NY based hedge fund. Intrawest owns Whistler Blackcomb among other resorts in Colorado, California, Florida and Vermont- all of which will be included in the proposed February 19th foreclosure auction.
Alan Wurtzel, a researcher with NBC “expects 200 million people to watch at least parts of the Vancouver Games.” The games will be televised over a 17 day period.
Other notable Intrawest properties include:
Panorama Mountain Village, British Columbia
Sandestin Golf & Beach Resort, Florida
Snowshoe Mountain, West Virginia
Steamboat Ski Resort, Colorado
Stratton Mountain Resort, Vermont
The Village at Squaw Valley, California
Turning Cagey
Another one of Nic Cage’s palatial homes- turned foreclosure- recently sold for 3.5 million less than the original purchase price. The Las Vegas home purchased by Cage in 2006 for $8,500,000 was eventually sold post-foreclosure to a buyer at a steal of $4,900,000.
The home overlooking the Las Vegas strip boasts a 16-car subterranean garage among other luxuries. Considering the financially strapped Cage still owns about 13 other homes and two castles, it will be no surprise if you see a few more estates heading to the auction block.
