Celebs in real estate and financial trouble

NEW -> Contingent Buyer Assistance Program
Ace...say it ain't so...

http://www.rollingstone.com/music/news/ace-frehley-facing-foreclosure-20130226

Ace Frehley Facing Foreclosure

Former Kiss guitarist reportedly owes over $700,000 on New York home
Former Kiss guitarist Ace Frehley may lose his house in Yorktown, New York, after the U.S. Bank National Association accused him of not paying his mortgage for almost two years, the Journal News reports.

According to the bank, Frehley stopped paying his $735,000 mortgage on March 1st, 2011. In a foreclosure filing issued February 15th, the bank asked a court to order the sale of the home for the outstanding amount owed: $703,581.48 plus interest, late charges and other expenses.

Kiss: The Pagan Beasties of Teenage Rock

Along with failing to pay his mortgage, the Yorktown tax reciever's office says Frehley's house has racked up almost two years' worth of unpaid taxes and that a payment has not been received since December 30th, 2011. Frehley reportedly owes $5,131.61 for town and county taxes, plus $13,425.94 for unpaid 2012 county, school and town taxes.

The Yorktown home was purchased by Jendell Productions ? most likely a company owned by Frehley, as "Jendell" is the fictional home planet for the guitarist's onstage persona, "Spaceman" ? in November 2000 for $650,000. The company transferred ownership to Frehley in 2004.

 
for all of his flaws as a human being, the guys is one of the best R&B singers ever. i believe i can fly!  keep it on the down low, nobody has to knooowww!
 
[youtube]http://www.youtube.com/watch?v=Bf4yHgXdjPY[/youtube]

My fav...still waiting for the kids bop version
 
this is one my favorites
[youtube]http://www.youtube.com/watch?v=1AzDWw40oDs&feature=player_detailpage[/youtube]
 
Blast from the past - Dave Chappelle as R. Kelly in "(I Wanna) Pee On You" :P

[youtube]http://www.youtube.com/watch?v=5vJ4zrB41mg[/youtube]
 
I doubt the Steinway family is in any financial trouble but they can't seem to unload this grand house....

http://www.dailymail.co.uk/femail/article-2313734/Inside-Astorias-historic-Steinway-mansion-wants-buy-price-drops-second-time-years-1-9m.html

Inside Astoria's historic Steinway mansion that nobody wants to buy as price drops for second time in three years to $1.9m

Astoria's iconic Steinway Mansion is being offered at a $1.6million discount after three years on the market - because interested buyers have been 'overwhelmed' by the massive size of the property.

The 1858 property on the old Steinway piano factory grounds has now been split up, with three of its seven plots of land on sale for $1.9million - the entire property had asked for nearly $3.5million.

 
Unfortunately, the Astors are not doing as well as the Steinways.  With the pedigree of that name you would think they would never run out of money..you thought wrong.  (I love the british tabloids, they print stuff we never see here)

http://www.dailymail.co.uk/news/article-2314414/Inside-crumbling-mansion-broke-heirs-super-rich-Astor-family-continue-live-near-squalor.html

Inside the crumbling mansion where the broke heirs of the once super rich Astor family continue to live in near squalor

Pictures from inside the Astor family's sprawling 43-room mansion reveal a shabby shire to a bygone era of outlandish wealth
Many assumed the Aldrich family, the 10th generation of Astor heirs, were eccentric hippies living off trust funds but, in fact, the money had run out
Alexandra Aldrich and her parents shared the cramped servants' quarters of Rokeby, the famous 420-acre estate
'I lived a double life. Our poverty was the big secret,' Aldrich says

 
OK she is hardly in financial trouble but hey, A million bucks is a million bucks..even for O

http://www.dailymail.co.uk/news/article-2324046/Oh-No-Oprah-takes-financial-hit-sells-property-The-Oprah-Store-1M-loss.html

Oh No! Oprah takes financial hit as she sells property that was once The Oprah Store at $1 million loss

The Queen of Daytime took an even bigger loss last summer when she sold a Chicago co-op she never even moved into for $3M less than she paid in 2006
Her billions also took a hit after her OWN Network debuted with meager ratings, but things look like they may be looking up for the media maven

 
Not exactly a household name but CNET kinda is...

http://www.readthehook.com/65495/plot-thickens-halsey-minor-claims-outrage-over-foreclosure

CNET founder Halsey Minor files for bankruptcy

Claiming that he withheld his mortgage payments to the Colonial Williamsburg Foundation as part of an intentional strategy, financially troubled millionaire Halsey Minor lashes out at the condition of the mansion in a new story in the Williamsburg Gazette.

In the story, Minor talks of squatters living in the 1755 dwelling, of a "caved-in" wall, and suggests the he might have to remove the entire roof to find a leak that has allegedly been causing water damage. If he's right, it wouldn't be the first time someone sold Minor a leaky dwelling. And it wouldn't be the first time he fought back.

Five years ago, Minor plunked down $20 million for a modernist house in the tony Los Angeles community of Bel Air. Within two years, Minor was able to convince an arbitrator that the seller had hoodwinked him by failing to disclose various defects, and thus Minor won an award of $5.2 million.
 
Slow motion train wreck , but it is hard to look away.

http://www.dailymail.co.uk/news/article-2397375/Bankrupt-CNET-founder-Halsey-Minor-sells-mansions-squandering-fortune.html

Fire sale! Elaborate mansions of CNET founder sold off to the highest bidder after he squandered his billion dollar fortune

Halsey Minor's Los Angeles mansion is up for sale for $14.9 million
He paid $20 million for the four bedroom six bathroom property in 2006

Tech pioneer sold CNET networks for nearly $2 billion in 2008 and a tech firm he helped found to Google for $50 million in 2007
But after splurging on a failed property investments and expensive artwork the former tech giant filed for bankruptcy in May
His enormous San Francisco residence is on the market for $21 million
 
$3 Million off?  Good deal!

http://www.dailymail.co.uk/news/article-2406538/Liberaces-Las-Vegas-mansion-sold-British-businessman-500-000.html

I've bought Liberace's mansion! British man snaps up The Glitter Man's Vegas home for $500,000 (complete with piano key wall tiles)

Martyn Ravenhill bought home for $3million less than it was once worth

It has two bedrooms, 10 bathrooms and sits on a half-acre piece of land
Home features chandeliers and a room with tile piano keys in the floor
Was once gaudy and glamorous but has since fallen into disrepair

 
You would think he could float em a loan...

http://www.dailymail.co.uk/news/article-2540545/Olympic-golden-boy-Ryan-Lochtes-parents-lose-home-foreclosure.html

Olympic golden boy Ryan Lochte's parents lose their Florida home to FORECLOSURE just two years after he banked endorsements worth $2.3 million


Final judgement on Steven and Ileana Lochte's Florida home took place on October 31 last year
Their Olympic gold-medal winning son Ryan, 29, has earned millions from swimming and endorsements

Suburban home in Port Orange is expected to be put up for auction soon

The Lochtes, who have 5 children, divorced in 2011

 
morekaos said:
You would think he could float em a loan...

http://www.dailymail.co.uk/news/article-2540545/Olympic-golden-boy-Ryan-Lochtes-parents-lose-home-foreclosure.html

Olympic golden boy Ryan Lochte's parents lose their Florida home to FORECLOSURE just two years after he banked endorsements worth $2.3 million


Final judgement on Steven and Ileana Lochte's Florida home took place on October 31 last year
Their Olympic gold-medal winning son Ryan, 29, has earned millions from swimming and endorsements

Suburban home in Port Orange is expected to be put up for auction soon

The Lochtes, who have 5 children, divorced in 2011
Click to expand...

maybe they beat him as a kid. or if the loans were worth more than the house maybe he just will buy them a new one.
 
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