Foreclosures were a menace to many homeowners in the last few years that are only now starting to show signs of slowing. It's a blow to the heart, ego, and of course the wallet when a bank repos your house, but sometimes us little guys can feel a little bit of joy, a shred of vindication in watching the great ones fall.
In recent Orlando history "Rush Hour" star Chris Tucker lost his Bella Collina home to a foreclosure short sale. But star homes all over the nation have succumbed to foreclosure auctions and short sales--Evander Holyfield, Burt Reynolds, Terrell Owens, Rihanna--all celebs with real estate woes.
Today's latest casualty is ex-NBA star Allen Iverson. Iverson is quite possibly having the worst week ever after a family court judge in Atlanta called him a bad parent and a drunk in a decree issued on Monday. Yesterday, according to TMZ, Iverson's bank purchased the house for $2.5 million. (Iverson had another home foreclosed on in Colorado in 2011.)
One question remains, however: When you make millions and millions of dollars a year, what the heck do you need a mortgage for?