Foreclosures of the Rich and Famous

A look back at celebrity homeownership woes

michaelJackson

Source: Wikipedia.org

Michael Jackson
Location: Santa Barbara, California

Deceased pop icon Michael Jackson’s real estate woes continue since his sudden death in June. His infamous Neverland Valley Ranch was set to be auctioned in March after foreclosure last year, but was instead sold to Los Angeles private equity firm Colony Capital for $23.5 million two months later. 

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