Wednesday 16 March 2011

Celebrity Forclosures

Not only are some Americans feeling the pinch with the financial crisis in recent times, but Hollywood Celebs have been feeling some of the crunch as well. Forbes.com reported that an amazing 2.9 Million residential properties received foreclosure notices last year and it's likely to rise another 20% according to RealtyTrac, a firm that tracks foreclosures. So, who's losing homes? 
Segei Fedorov, the retired hockey star, has reportedly lost two homes in Detroit. Toni Braxton lost her Vegas home and now is possibly losing her Georgia country club residence. Nick Cage was reported to be losing 4 homes and Mel Gibson is in trouble with a construction company that has filed foreclosure liens against three properties. For more info check out Forbes.com.

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