This week we have some juicy Celebrity Real Estate News provided by Zillow.com. We have Octo-Mom facing foreclosure, The Boss sells his Palm Beach Home, a Boxing Champ getting knocked out with a foreclosure and Mel Gibson selling his Malibu Home. It appears even the Stars are having hard times with foreclosures.
Foreclosure Looms and Octo-Mom Could Face Eviction
By: Diane Tuman, Zillow Content Manager | March 19, 2010
Just when you thought you have heard the last of Nadya Suleman (aka “Octo-mom”) comes word that she could be evicted from the home she occupies with her 14 kids.
Suleman leases this home from her father, who has a mortgage agreement with Amer Haddadin. Haddadin sold the home to Octo-mom’s father in March 2009 for $450,000 under these conditions: Monthly payments of $4,139, and a final balloon payment was due on March 10 to fulfill the entire $450,000 mortgage. Haddadin reports the last $4,139 payment was never made, as well as the final balloon payment. Now, Haddadin is planning on going to the courts to foreclose on the family.
Mel Gibson’s Malibu Home Listed for $14.5 Million
By: Diane Tuman, Zillow Content Manager | March 15, 2010
As actor Mel Gibson proceeded with his highly publicized divorce from wife Robyn last year, it was revealed that a lot of Gibson’s wealth is tied up in real estate. Last year, he put his Old Mill Farm estate on the market for $35 million and it looks like it’s still for sale, but at a big price cut. The Greenwich, CT property is now listed for $29,750,000. (See more celebrity price cuts).
Now, another Gibson estate is up for sale, but this one is on the other coast. Gibson’s Lavender Hill Farm is for sale for $14.5 million. Located in a secluded area of Malibu known as Serra Retreat, it is Gibson’s own private escape. The 2.75-acre grounds have mature trees, a fruit orchard, and organic gardens.
The home is newly remodeled and has 6 bedrooms and 6 baths with a hardwood/stone floors. The master bedroom is on the upper floor and includes a sitting room. Extras include a lighted tennis court, pool, three guest houses, two offices, a detached gym, library, and a garden cabana with game room. It sounds, well, divine. But, don’t take our word for it — see more photos of Mel Gibson’s Malibu home.
Former Boxing Champ Thomas Hearns Facing Foreclosure
By: Diane Tuman, Zillow Content Manager | March 17, 2010
Former boxing champ Thomas Hearns might be in retirement, but he’s facing a new opponent: foreclosure.
According to the Detroit News, Hearns is past-due on taxes and mortgage payments, owing a total of $961,156. Just on Hearns’ home alone, he owes $512,965 and the bank has filed notice that his home is scheduled for a foreclosure sale on March 23, according to The Legal News (free subscription required to access article).
Hearns is an eight-time world champ whose 15-year pro boxing career spanned six different weight categories.
According to Hearns’ lawyer, the former champ is working on keeping the house and paying off his debts.
American rock icon Bruce Springsteen and wife, Patti Scialfa, sold one of their side-by-side homes in Wellington, FL to Chicago philanthropists Daniel and Ellen Podell Crown for $2.95 million, reports the Palm Beach Daily News.
Springsteen’s home that was sold is located in Equestrian Club Estates, which is a gated community for equestrian types. Does The Boss have a special affinity for equestrian activites? No, but Bruce and Patti’s daughter, Jessica, is evidently an equestrian prodigy. Who knew?
According to Real Estalker, Springsteen purchased the property in 2008 for $3.1 million, then, a few months later, Bruce purchased the home next door for $4.6 million. Although Springsteen got $2.95 million for the first home, he initially listed it for sale for $3.95 million. And, he bought it for $3.1 million, so he sustained a loss of $150,000.