Tracking celebrity foreclosures

Celebrity foreclosures have become popular gossip news during the economic downturn over the last year or so. The latest is former heavyweight champ Evander Holyfield’s woes down in Hotlanta.

Zillow is keeping a running tally:

04/15/09: Former major league baseball player Lenny Dykstra facing foreclosure
05/12/09: Victoria Gotti’s Growing Up Gotti house in foreclosure
12/09/08: American Idol star Fantasia Facing Foreclosure
6/4/09: Victoria Gotti Cuts Deal with Feds to Avoid Foreclosure0
6/12/09: Stephen Baldwin Losing Nyack Home for Foreclosure

via Celebrity Foreclosures | Zillow Blog – Real Estate Market Stats, Celebrity Real Estate, and Zillow News.

American Idol judge Simon Cowell was reported to have stepped in earlier this year to save Fantasia from her troubles in Charlotte.

Unemployment is the single biggest factor for typical borrowers to default on loans, but even overextended, brand-name celebrities are at risk in this economy.


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