Mo Money, Mo Problems: 14 Celebs Who Were Affected By Foreclosure (Tough Market!)
Celebrities make a lot of money, and with that money comes an expensive wardrobe, nice cars, vacations all over the world, and of course, multiple homes. Though the Hollywood elite make more money than many of us will ever have in a lifetime, sometimes some of them aren’t so money-wise. Here are 14 celebs who foreclosed on their homes, but thankfully, most of them have plenty of other places to call home.
Money problems have haunted Toni Braxton as she’s lost two homes due to foreclosure, one in Nevada and the other in Georgia.
Though he didn’t lose his home, Jay-Z lost a $66 million hotel due to foreclosure because of a bad partner he went in the deal with.
Terrell Owens has lost two condos in Dallas, but financial woes aren’t a stranger to T.O.
Allen Iverson’s troubled life has caused him all sorts of problems, including losing his home in Denver.
OJ Simpson has lost three homes total, and his latest home to go into foreclosure is a 4000 sq. foot residence in Florida. OJ is behind bars so these foreclosures don’t affect him all that much.
Wyclef still has a mansion in New Jersey, but he lost a home to foreclosure in Florida.
Just two days after dying suddenly, Nate Dogg’s California home was sent into foreclosure as he fell behind on mortgage payments.
One-hit wonder Chamillionaire lost his Texas mansion to foreclosure, but claims he still has plenty of cars, and money.
R. Kelly lost his 11,140 sq. foot home in Chicago, which was worth $5.2 million.
LaToya Jackson lost her L.A. condo after creditors took it over due to failed payments. Back to the Jackson family home?
Damon Dash owned a duplex in Tribeca, but lost the celebrity-studded house due to foreclosure.
Chris Tucker owed $4.4 million on a home he bought for $6 million, so the house went into foreclosure in October 2011.
Nas recently lost his 3,500 sq. foot mansion in Georgia after owing the lender $507,000.
Chad “Ochocinco” Johnson
After losing his wife, endorsements, and his job, Chad Johnson is now facing foreclosure on his condo in Miami.