Not even celebrities are exempt from falling housing prices. Many celebrities have listed their home as a short sale - Rihanna, Burt Reynolds, Chris Tucker. You shouldn't feel embarrassed about your situation if a star with a pack of legal and financial advisors can get stuck with a home they can't pay for. According to Forbes.com, "Strategic default can be a particularly good option for the rich and famous in California, where a lender can’t typically go after a defaulting homeowner’s other assets. Rihanna is likely an example. The pop star debuted on Forbes’ Celebrity 100 this year with a hefty $53 million in gross earnings. Yet the $6.9 million Beverly Hills house she purchased in 2009 landed on the MLS in November as a short sale." The good news is that you don’t need a team of lawyers to assist you with short selling your home. One experienced agent who specializes in short sales can help you!
http://www.tracyrealestatetoday.com/Short-Sale
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Lisa Aguilera, The Aguilera Real Estate Team
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