Today, we talk about Miami celebrity foreclosures. There are a number of Miami celebrities that have gone through foreclosure. This leaves celebrity style homes in foreclosure in Miami real estate. The good news is that many of these celebrities often rebound from their foreclosure and purchase up other property in Miami or internationally. Some of them might have been better off Short Selling their property if they wanted to sell their home faster. Here are some top examples of celebrities that have gone through foreclosure in the Miami area and how they did/ didn’t recover.
Celebrity Karent Sierra’s foreclosed home.
Famous Miami People Who Have Fallen Into Foreclosure
Karent Sierra: this real housewives Miami star faced foreclosure in an under 1200 ft.Ā² home. The four bedroom two bath home has been expanded by Sierra. Unfortunately, after she purchased another property in the Miami neighborhood, she was hit with a foreclosure notice for her original property. While she is keeping at least one property, the foreclosure notice hit hard on the original $250,000 home as she continued to work hard on other TV projects. The biggest problem was that there was a lull between her Miami housewives second season and her status for the third season. She was chosen not to return to television on the real housewives of Miami and will have to recover by taking on new TV work projects and opportunities to pay for her homes.
Famous artist Scott Storch’s Celebrity home foreclosed in Miami.
Scott Storch: at 70 Palm Avenue in Miami Beach we find one of the most luxurious mansions in the Miami Beach area. Scott Storch is a record executive and producer purchased the home and then proceeded to spend six months blowing $30 million on trips, cocaine, parties and more. Although Storch may not technically recover and gain possession of a similar home again the home was quickly snatched up by Birdman. The home features 9 bedrooms, 17 bathrooms, an elevator and more.
Jennifer Lopez and Marc Anthony Celebrity home foreclosed in Miami.
Marc Anthony & Jennifer Lopez: In 2012, it was discovered the famous couple had a condo with a deed-in-lieu. This came to light when a major bank took over several condos in Miamiās Icon Brickell. Icon is famous for their 50th floor lounge called ā50 Lounge.ā A deed-in-lieu is basically a voluntary foreclosure.
Stay up-to-date with the latest celebrity foreclosures by checking back on our page often. These are just a few of the most famous recent foreclosures in the Miami area.
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