What do celebrities OJ Simpson, Vanilla Ice, R Kelly and Octomom, Nadya Suleman, all have in common?
These celebs all have houses that are facing foreclosure. Celebrities invest in real estate properties, which can be a good or bad thing. Let’s take a look at what these celebrities have been up to.
Celebrities Currently in Foreclosure
Orenthal “OJ” Simpson
OJ Simpson has gone through a lot of financial problems since his problems with the law after his late wife’s death. Simpson who is well known for his NFL history is facing the foreclosure of his Miami home. Simpson who is currently serving up to 33 years in prison for conviction of kidnapping and armed robbery is trying to save his Miami home from foreclosure. He originally bought the home in 2000 for $575,000, and the home is now valued at $478,000. The home has four bedrooms, and four bathrooms.
Vanilla Ice
Ice, ice, baby! Vanilla Ice, also known to friends and family as Van Winkle, became the first white rapper in the 90’s to make it. Currently residing in Florida, Vanilla Ice was taken to court by the homeowners association for almost $14,000. The home owner’s association gave him first notice of owing back in May 2011 for $2,800, but now he claims that he is not the owner, as he signed ownership to Van-Rap Ltd the same month.
How irresponsible can you be? Has money gone to your head or what? Think of your family. Pay what you owe and be done with it. Over the years there has been much controversy about the truth in his words. Back in 1991, controversy escalated on exaggerations about motocross winnings, which he claims was error by his manager, has gotten him into some negative comments by critics. As many know that he has had problems with drugs and he has never been able to recapture his fame and doesn’t look like he ever will.
R. Kelly
I Believe I Can Fly! Robert Kelly, AKA R. Kelly, popular R&B singer-song writer from the 1990s who grew up in the projects of Chicago. R. Kelly raised by his mother, who instilled in him a strong backing of the Christian faith. In his lyrics he uses this theme. Kelly has gone through some scandals over the years including child-pornography. Now he is facing foreclosure of his Chicago home that he purchased in 1999.
His home originally purchased for $3.5 million, was faced with foreclosure for $2.9 million. Kelly claims that he let it come to this point in effort to arrange for modification with the lender. Kelly’s home is now on the market for sale at $1.595 million, located outside of Chicago, on a private lot 22,000 square feet, and a 12-foot concrete and wrought iron wall, Thank you R. Kelly, for doing the right thing and being responsible with your real estate property!
Octomom, Nadya Suleman
Awh, don’t you just love children! Well, that is what Octomom, Nadya Suleman thinks. She has fourteen children, all from invitro-fertilization, and lives with her mother. In 2009, Nadya gave birth to Octuplets. Although she has had financial difficulties in the past with raising her other six children, she completed her Bachelor’s degree at CSUF and has plans to further her education. Octomom with her fourteen children are facing a financial hardship of foreclosure on their home.
Nadya, knowing that she was out of work from a past injury and living on government benefits was not expecting her financial burdens to affect her residential situation. In 2011, she enlisted the help of a California real estate agency to help sell her home, but they refused, saying they did not want that kind of media coverage and would not help her because of her status. Her status, being that she is a mother of fourteen who receives help from government in means of providing for her family.
Even the Rich Can be Irresponsible
All of these celebrities in one way or another have either been responsible or irresponsible for their actions with real estate and other financial responsibilities. They are not alone.
This guest blog was provided by Allison Klein who specializes in Fort Collins homes for sale. You can learn more about Allison by visiting her website where you can also search all Windsor CO homes for sale and Loveland CO homes for sale.