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LaToya isn’t the only member of the Jackson family to have undergone a foreclosure. Her brother Jermaine also went through a similar situation in California. The difference being that Jermaine was renting the house that went on foreclosure because the owner failed to make payments.
The singer stopped paying for her Washington state house in 2003, and in 2006 the property was foreclosed.
The singer had his Detroit home foreclosed in 2012. Sweat got a US$450,000 mortgage in 2004, but the bank only managed to sell the house for US$200,000.
O.J. Simpson’s Miami home was foreclosed after he went to prison. The estate was bought by an investment company for US$513,000 in 2012. The property was then destroyed in 2022 and the parcel of land listed for sale. However, it was removed from the market in 2023.
In 2010, the hip hop mogul lost his New York duplex at a foreclosure sale for US$5.5 million. This was after Dash failed to pay US$78,504 per month on a US$7.3 million mortgage.
In 2011, Forbes reported that the actor’s three houses in Malibu, California, as well as his church, were foreclosed.
The internet personality, best known as Octomom (she gave birth to octuplets), had her home put into foreclosure after failing to pay a US$450,000 debt.
Sources: (House Digest) (Housely) (Forbes) (TMZ)
The singer lost her Las Vegas condo to foreclosure in 2009. LaToya allegedly owed US$750,000 to the bank.
The rapper lost his Georgia home to foreclosure in 2012. Nas originally purchased it for US$585,000 and sold for just under US$400,000.
The ‘Un-Break My Heart’ singer filed for bankruptcy twice. Braxton first lost one property in Nevada and then lost her Georgia home to foreclosure after reportedly failing 10 monthly payments.
In 2016, the TV personality’s US$170,000 New Jersey home sold for just US$100 at a foreclosure auction.
The famous comedian and actor lost his US$6 million Florida mansion to foreclosure in 2011. The ‘Rush Hour’ actor reportedly owed over US$4.4 million to the bank.
The former NFL player, best known as “T.O.” lost five properties to foreclosure over the years, including four condos in Texas and a mansion in Florida.
The ‘Happy Days' actress lost her Palmdale, California house in 2010. The house went into foreclosure after Moran amassed a debt of US$315,000. The house was then sold for about US$290,000.
The rapper stopped paying his Houston, Texas mansion, so in 2010 it was foreclosed. Chamillionaire bought the mansion in 2006 for US$2.2 million and it sold at auction for US$1.8 million.
The singer, also known for being the daughter of Brian Wilson of the Beach Boys, lost her home to foreclosure in 2011. Wilson owed $1.6 million to the bank.
The former boxing heavyweight champion of the world lost his mansion in Southington, Ohio, after he declared bankruptcy in 2003. Tyson’s former house was converted into a church called Living World Sanctuary.
The former boxer's extravagant Georgia home went into foreclosure in 2013 and sold for US$7.5 million. Reportedly, this was only half of how much Evander Holyfield owed to the bank.
The former NBA player lost two houses in two years. First, his mansion in Denver was foreclosed and sold at auction in 2011. Then in 2013, Iverson’s Atlanta home sold at auction for US$2.5 million, which was about half of what he paid for it originally.
The famous actor actually lost a fair amount of properties to the bank. In 2009, Cage lost two of his New Orleans homes worth a total of US$6.8 million. Five years later, the Hollywood star lost his mansion in Bel-Air, LA.
The former NFL player filed for bankruptcy in 2012, with nearly US$7 million in debt. His Florida home, once valued at more than US$7 million, sold for US$2.9 million at auction.
The ‘Smokey and the Bandit’ star didn't pay for his house in Hobe Sound, Florida, for years. The estate was eventually foreclosed by the bank as they claimed his debt amounted to US$1.3 million.
The actress bought her Studio City home in Los Angeles in 2006, for US$3.1 million. In 2012, the house fell into foreclosure and sold at auction for just over US$2.6 million.
In 2013, before the R&B singer was arrested and charged, his Illinois estate was foreclosed and sold at auction for US$950,000. The house had once been valued at over US$5 million.
The actor’s New York home was auctioned off in 2017 so that he could pay the bank the amount he owed—US$800,000. Baldwin bought the house for US$812,500 in 2000 and it was sold at auction for US$100.
In 2007, dozens of dogs were found in the former football quarterback’s property. Vick was using them for dogfighting, for which he served a two-year jail sentence. Vick’s Atlanta home went up for auction, and then in 2011 his Virginia home (where the dogfights took place) was bought by animal rights group Dogs Deserve Better.
The TV personality struggled financially after her expensive divorce and lack of work, so she had to put her house up for sale. In 2021 Kate Gosselin sold her Pennsylvania home for US$1.1 million. It may seem like a lot of money, but it was actually US$214,000 less than the initial asking price.
Not every celebrity lives in an extravagant estate. In fact, many actually live in surprisingly modest homes. Those who do buy very expensive properties sometimes struggle to pay for them. For one reason or another, some stars go through financial problems and miss their mortgage payment, and in other cases the end result is foreclosure of their homes.
Curious to know more? Click through the gallery to discover the celebs who've lost their expensive homes.
Celebs who couldn't afford their luxurious homes
Famous foreclosures over the years
CELEBRITY Foreclosures
Not every celebrity lives in an extravagant estate. In fact, many actually live in surprisingly modest homes. Those who do buy very expensive properties sometimes struggle to pay for them. For one reason or another, some stars go through financial problems and miss their mortgage payment, and in other cases the end result is foreclosure of their homes.
Curious to know more? Click through the gallery to discover the celebs who've lost their expensive homes.