Pop legend Michael Jackson has managed to save his California-based ranch Neverland from being auctioned off. The Neverland ranch faced foreclosure since Jackson defaulted on the $24 million property loan. Jackson purchased Neverland 20 years ago at a cost of $28 million to make a fantasy island for children. In its heyday, Neverland used to [...]
Los Angeles resident Shawn Forgaard, a 37-year-old software company project manager, bought ten homes — one to live in with his family, and the other nine as an investment. At the time, however, he didn’t realize that this might bring him to bankruptcy. Now he acknowledges that it was a real mistake investing money in [...]
Even Hollywood celebrities can’t avoid the slump in prices for real estate. With property prices falling by 11 percent, rock singer Avril Lavigne has found herself victim to the downturn in the market. As a result, Avril Lavigne’s Beverly Hills mansion has been reduced from $6.9 to $5.8 million. According to Forbes, Avril Lavigne has [...]
Steve Sokalsky and his family live in a former railroad station in England called Lenwade. It’s hard to say what made Sokalsky make this choice, but maybe it’s just a love for trains. The area once used as a ticket window now serves as a children’s bedroom, the former platform has become a sun terrace, [...]
Famous actor and comedian Tom Arnold is selling his house in Tarzana, California. It been on the market for two years and its current price is $2,275,000. Arnold says he put the property on the market because 4,250-square-foot is too much for one man. He purchased the house in 2006 for $1,950,000. It cost considerably [...]
After Nita Ambani visited a spa in New York, overlooking Central Park she got inspired with a contemporary Asian interior and inquired a designer. Nita Ambani is the wife of Mukesh Ambani, head of Mumbai-based petrochemical giant Reliance Industries, and the fifth richest man in the world. Ambani’s worth is estimated to be $43 billion. [...]