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Miley Cyrus' Parents Will Sell the Homestead

12/20/2010 7:15 PM PST BY TMZ STAFF

Sources connected with Miley Cyrus' family tell TMZ ... Billy Ray and Tish will put their Toluca Lake home on the market -- we're told probably for more than $7 million.

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Billy Ray filed for divorce October 26. But get this ... sources tell TMZ that more than three months ago Tish, looked at a home listed in nearby Encino for $4.6 million.

Rich people downsizing.

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