Foreclosures

Can even a celebrity have their home foreclosed on? Yes! Foreclosure is when you can’t pay your mortgage and the lender starts proceedings to take back the title to the property. A real estate or business lawyer can help negotiate with a lender on your behalf, and hopefully you will be able to stay in your home.

August 16, 2010

Rapper Chamillionaire now faces foreclosure on his Houston, Texas mansion. According to the rapper, he has chosen foreclosure, and it does not mean that he is out of money. Chamillionaire claims that, he decided to foreclose his home because of the slumping real estate market. In short, it was just a “business decision.”

Chamillionaire recently said, “I was always on the road touring. I just didn’t feel like it was a good business investment to pay that much mortgage for a house I was never at.” The rapper refutes claims that he is out of money saying, “I still got the cars.” Chamillionaire is not the only star that has faced financial troubles.

Find more breaking celebrity news including celebrity foreclosure, recent Hollywood divorces, and celebrity bankruptcy at CelebLegalIssues.com.

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July 5, 2009

Michael Jackson glove expected to attract six-figure bids at auction

Thousands of Michael Jackson news stories have surfaced this week.

Custody of Michael Jackson’s Children

Earlier in the week a judge granted child custody to Michael Jackson’s mom, Katherine Jackson. Jackson’s ex-wife, Debbie Rowe, who is the mother of two of his three children, is deciding whether or not she is going to pursue custody of Jackson’s children. Rowe received a delay on the custody issue from a judge. I saw on the cover of a well-known newspaper that she is seriously going to try to win custody.

Michael Jackson’s Will

Earlier in the week it was reported that Janet Jackson, Michael Jackson’s sister, was the executor of his estate. There will be a court hearing on Monday regarding the distribution of Jackson’s assets. Jackson purposely left Rowe out of his will. Supposedly the Jackson estate has loads of debt. I am sure Jackson’s family law attorney has his hands full with the custody battle and filing the will in probate.

Neverland Ranch – Michael Jackson’s Former Home

Michael Jackson’s Neverland Ranch was his pride and joy for many years until he was accused of molesting a boy there a few years ago. I caught some stunning photos of Neverland ranch the other day. It’s actual address is 5225 Figueroa Mountain Boulevard in Los Olivos, CA 93441. Neverland was saved from foreclosure last year, and five years ago was said to have been worth approximately $120 Million. However, there have been different values for the ranch in a variety of news articles. If you are looking to see what the local real estate is in Los Olivos, go to realtor.com to search for Los Olivos homes. I am sure the price of homes in Los Olivos have come down substantially.
Jackson’s Memorial Service and Burial

Jermaine Jackson said the other day that his brother update wanted to be buried at Neverland Ranch. However, California burial statutes say that burials can only be in cemeteries in California. They were going to have a memorial service on Thursday at Neverland Ranch but that was stopped. Instead, Jackson’s memorial service will be Tuesday at the Staples Center in California. I found a handy map in Google Maps for the Staples Center.

Did Michael Jackson’s Doctors mess up?

The answer to this question is maybe. The DEA is looking into fraudulent prescription meds that Jackson was taking at the time of his death. There were also cases of Jackson receiving meds under a few aliases. Wonder if there will be a case of wrongful death or medical malpractice?

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June 23, 2009
**EXCLUSIVE** FILE: Ed McMahon battling pneumonia and other illnesses in the ICU of a Los Angeles hospital

Hollywood legend Ed McMahon, 86, died today from bone cancer. Ed McMahon is best known for his 30 year service on The Tonight Show with Johnny Carson.

Two years ago McMahon had a broken neck injury. Since he wasn’t able to work, he faced foreclosure on his home. However, at the end of 2008 he was given permission to stay in house.

Sad day in Hollywood (or should we say night).

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