Gary Dourdan Facing Foreclosure
The former CSI actor, Gary Dourdan is facing foreclosure on his home. If his drug busts and domestic violence charges in 2011 were not enough, Dourdan is now adding foreclosure to his woes.
According to reports, the Venice, California home is behind on $61,558.90 (as of September 2011). The default was triggered when he missed a payment in July. He purchased the mansion in 2004 for $922,000.
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.
Lenny Dykstra arrested, foreclosed home sold
On Monday, authorities took former Major League Baseball (MLB) All-Star, Lenny Dykstra, into custody and charged him with 25 misdemeanors and one felony count.
Bail for the 48-year-old, who played professional ball for the New York Mets and Philadelphia Phillies, has been set at $500,000 with a bail-review scheduled for Friday.
In April, “Nails” was found in possession of cocaine, ecstasy and a Human Growth Hormone (HGH), Somatropin. His accountant and friend were also charged in the case. Prosecutors allege the three men attempted to lease high-end vehicles with credit from a fake company called Home Free Systems.
This is just the latest chapter in an otherwise turbulent post-baseball career for Dykstra.
Back in 2007, he ran into some trouble when he purchased an $18.5 million, six-bedroom home from Wayne Gretzky. After not paying for the home, he put the property on the market for $24.95 million in June 2008.
When the home did not sell, it fell into foreclosure. Dykstra actually sued the lender because he argued it “fraudulently induced him to borrow more than he could afford.”
You can’t make this stuff up.
Both parties eventually settled and the home was repossessed. A group of investors later purchased the country club estate for an undisclosed sum.
He should only be so lucky this time around.
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.
The Real Housewives of Foreclosure
It looks like diva Teresa Giudice of Bravo’s hit show ‘The Real Housewives of New Jersey’ is yet another addition to a growing list of housewives getting a taste of foreclosure. According to a New York Post article the NJ couple owes over $11 million to creditors and have sought bankruptcy as a ‘fresh start.’ Meanwhile the bank holding the mortgage on their gaudy eight-bedroom mansion has filed foreclosure proceedings.
The couple owes $2.6 million, or eight mortgages, on three separate homes. Two homes have already been repossessed by the lenders. Other debt includes $104,000 in retail credit cards, a $1,280 monthly car payment and a $2,300 monthly phone bill.
Despite their lavish lifestyle, the bankruptcy filling shows the couple only reported an income of $79,000 per year and another, more mysterious, $120,000 per year from family “assistance.”
On the hit Bravo TV show, Giudice is known for her ostentatious spending habits including buying designer clothes for her three young girls. In one of the more notable shopping sprees Giudice threw down $2,000 in a mere ten minutes.
Viewers can only hope to see the quintessential Teresa ‘flip out’ if the custom home does eventually head to the auction block. I know I’ll be tuning in for some Garden State dram-o-rama.
