REALTOR® Magazine-Daily News-Celebrities Have Money Troubles, Too

REALTOR® Magazine Online: The real estate professional's business support tool.

OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Search REALTORMag...

OR FOCUS YOUR SEARCH

NEWS & COMMENTARY

Inside For Brokers

Connect

Social Networking

Follow, fan, or friend us online.

Your Magazine

Magnifying your voice and celebrating your accomplishments

CURRENT ISSUE

PAST ISSUES

Daily Real Estate News | July 1, 2008 | Celebrities Have Money Troubles, Too
The problems faced by entertainer Ed McMahon have been widely publicized, but other well-known people are in similar straits.

Boxer Evander Holyfield lost his $10 million estate in Atlanta in May to foreclosure. Baseball great Jose Canseco’s $2.5 million home in suburban Los Angeles is also in foreclosure, as is the home of former Tennessee Titan football player Adam “Pacman” Jones. Ex-NBA star Latrell Sprewell is in danger of losing his $405,000 Milwaukee home and his yacht has been repossessed.

Actor Dustin Diamond, who played Screech on "Saved by the Bell," saved his home by selling T-shirts on his Web site and asking fans for money on the Howard Stern Show.

Singer Michael Jackson cut a deal with casino owner Tom Barrack to get out from under loans on Neverland Ranch by appearing in Barrack’s establishments.

Source: Business Week, Chris Palmeri (06/27/08)