Locked Out: Celebs Who Have Been Through Foreclosure
From Vanilla Ice to Jay-Z, stars who suffered the recession.
1 / 20
Keith Sweat - Us 99-percenters aren't the only ones feeling the pinch of the economy. Many celebs are being forced to downsize from mega-mansions to smaller digs.New jack swinger Keith Sweat is the latest to lose the roof over his head. Not only did his bank short-sell his Detroit home, they're suing him — to the tune of $250,000 — for the losses.(Photo: Brad Barket/PictureGroup)
2 / 20
OJ Simpson - After losing his digs in Los Angeles and Miami, The Juice's 4000-square-foot home in Kendall, Florida will soon be up for sale by his lenders, JP Morgan Chase. Fortunately (or, rather, unfortunately), the foreclosures won't really affect the former footballer, who will be spending the next three decades in a ten-by-ten cell.(Photo: Steve Marcus-Pool/Getty Images)
3 / 20
Vanilla Ice - Ice was on the brink of losing his Palm Beach, Florida home over unpaid dues to the Homeowner's Association earlier this year, but the rapper managed to stop, collaborate and listen to the organization and keep the roof over his head.(Photo: Ian Gavan/Getty Images)
4 / 20
Terrell Owens - No stranger to financial troubles, this football prodigy lost not one, but two Dallas-area condos this year. Maybe now that his baby mama drama is behind him and he's back on the field with the Allen Wranglers, T.O. can inch his way back to his former lifestyle.(Photo: Mike Ehrmann/Getty Images)
5 / 20
Chris Tucker - Bad news hit the Rush Hour star last October, when his Florida mansion went into foreclosure. According to court papers, Tucker owes $4.4 million on the $6 million home, which features five bedrooms, three fireplaces, a personal spa, an outdoor kitchen overlooking a pool and a basement outfitted to resemble a pirate ship, including the sail.(Photo: Frazer Harrison/Getty Images)
ADVERTISEMENT
6 / 20
Nate Dogg - Talk about unfortunate timing. The late rapper's home was foreclosed on in March 2011, just two days after his sudden death. According to court papers, Nate had fallen behind on mortgage payments for his Pomona, California home and owed nearly $6,000 to the bank.(Photo: Frederick M. Brown/Getty Images)
7 / 20
Nicolas Cage - In a classic case of mo' money, mo' problems, this A-lister probably set a record for most foreclosures. Since 2007, Cage saw his homes in Bel-Air, Las Vegas, New Orleans, England and New York — as well as his castle in Bavaria — disappear. Adding salt to the wound, he also owes the IRS approximately $14 million in back taxes. All that debt does explain his career choices, though.(Photo: Taylor Hill/Getty Images)
8 / 20
Jermaine Jackson - The former Jackson 5-er got booted from his five bedroom, six bath Calabasas, California rental house when the owner lost it to the bank. Luckily, his mom Katherine rented a mansion just blocks away!(Photo: Dave J Hogan/Getty Images)
9 / 20
Toni Braxton - The Grammy winner and reality star, who's been plagued by financial drama for years, was hit with a one-two punch of foreclosures: she lost her Henderson, Nevada home to creditors in 2010 and then her mansion in Duluth, Georgia in early 2011.(Photo: Mike Coppola/Getty Images)
10 / 20
Wyclef Jean - It's hard to imagine that a guy with as many hits as Wyclef could be facing foreclosure, but it happened to the former Fugee. But, while his Florida digs were reclaimed by the bank, his main mansion, in posh Saddle River, New Jersey, is still standing.(Photo: Terrence Jennings/PictureGroup)
ADVERTISEMENT
11 / 20
Fantasia Barrino - Her rags-to-riches story was so remarkable, Lifetime made a movie about it, but Barrino went back to rags (sort of) in 2008 when she allegedly lost her North Carolina home to a loan shark who helped her pay off back taxes. But, as she clarified a year later, rumors of her financial downfall were greatly exaggerated. Great to see the talented diva learned her lesson and is moving on.(Photo: Brad Barket/PictureGroup)
12 / 20
R. Kelly - The R&B king lost his battle with creditors in December of last year when his 11,140-square-foot mansion in Chicago's Olympia Fields, worth $5.2 mil in 2009, was listed for short sale at the bargain price of $1.6 million. We can only wonder what the new owners found trapped in the closet.(Photo: Kristian Dowling/PictureGroup)
13 / 20
Prince - The Purple One was seeing red when foreclosure proceedings began on his 20-acre lot in Minnesota last April, but managed to avoid losing his land, which he bought in 1994, by paying his mortgage in full just days later. (Photo: Dave Hogan/Getty Images)
14 / 20
Allen Iverson - The NBA all-star's troubled personal life cost him the roof over his head in July of last year, when his Denver-area mansion slipped into foreclosure. The sale didn't solve his problems, however: he still had to pay through the nose for attorney fees and default charges.(Photo: AP Photo/Stephen Chernin, File)
Photo By AP Photo/Stephen Chernin
15 / 20
Damon Dash - The hip hop mogul suffered a setback when he lost his duplex in celebrity-studded Tribeca (Jay-Z and Robert DeNiro were neighbors). But the new owner, who shelled out $5.5 million for the luxe digs, was the one left to deal with Dash's ex-wife Rachel Roy, who refused to vacate the property.(Photo: Theo Wargo/Getty Images)
ADVERTISEMENT