Celebrity Debt Articles

More Celebrities Facing Money Troubles.

Money problems are not limited to just us mere plebeians but the rich and famous as well.

Donald Faison - ScrubsFirst up this morning is Donald Faison, the guy on the far left from Scrubs. According to TMZ, “Luther Burbank Savings just filed a lawsuit, claiming he hasn’t been paying the mortgage on an apartment complex he bought in Inglewood, CA for $525,000 back in 2008.

The bank claims Faison hasn’t paid a dime since November and wants permission to initiate a foreclosure action.

The bank is also suing for $514,657.76”

Nicholas Cage has been in the news recently for his issues with the IRS. Seems like they are not necessarily BFFs. But to compound his problems, Nick has actually had his compound foreclosed on. The Wall Street Journal is reporting “Mr. Cage had tried to sell his 11,817-square-foot Bel-Air property in California for $35 million but failed to get any offers, said James Chalke, a real-estate agent who had the listing. At a foreclosure sale Wednesday, the property attracted no bids from investors and so was acquired by the foreclosing lender. Annett Wolf, a spokeswoman for Mr. Cage, said he had no comment.” Unfortunately at the auction his house wound up gone in 60 seconds.


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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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