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Chris Tucker

Dumps TWO Florida Mansions

12/11/2011 12:55 AM PST BY TMZ STAFF

Chris Tucker in sunglasses
Chris Tucker is cutting his losses -- shedding two massive homes in Florida to help dig himself out of his financial hole ... TMZ has learned.

Tucker got lucky with the first property -- an 8,861 square foot, 5-bedroom waterfront home in Lake County -- successfully negotiating a short sale before the bank planned to foreclose on it last month.

Chris' bank accepted a $2 million bid for the house -- satisfying the actor's debt -- even though he allegedly owed $4.4 million on the property before selling it. Considering Tucker bought the place for $6 million, it was a great deal for whoever just snatched it off the market.

In October, Tucker sold the other Florida pad for $1,050,000 ... much less than his $1.5 million asking price.

But any money is good money at this point -- as we previously reported, Tucker still allegedly owes Uncle Sam $11.5 million in back taxes. Good thing they're making another "Friday."

32 COMMENTS

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1.

Dan Frederiksen    

it's so stupid when celebs who make tens of millions of dollars end up owing tens of millions of dollars.
a bad economy is no excuse. you may lose some in a recession, not twice what you have.

1056 days ago
2.

Stiletto    

Wh the moeny these clowns make on 1 film, 1 concert, 1 album...or whatever it may be...when will they freaking learn from all the past a$****s, that you buy it with CASH. And if you don't have the cash, you either set your sights lower, or wait until you do have enough.

Sheesh...you could have owned 1 multi-million dollar beautiful home free and clear...yet instead you have fonance several and never owned any. And now you finacially self-destructing.

Talent = yes
Brains = no

1056 days ago
3.

DUDE    

And Obama wants more. Bet him ,and all his elitist liberal friends voted for the Dem's. HA How many are having this happening to them.

Plus how many rich black atheletes, or celebrity's can go without spending too much , living for the now ,then go broke ? A few.

1056 days ago
4.

DUDE    

Test-I-Cle

1056 days ago
5.

Truth    

THIS IS WHAT I WAS SAYIN ALL ALONG. WITH THE MILLIONS THESE MORONIC CELEBS MAKE, AT LEAST HAVE THE F*CKIN BALLS TO PAY FOR A HOUSE IN FULL. THEY SHOULDN'T NEED TO HAVE A MORTGAGE AT ALL. BUY A CHEAPER PROPERTY, STOP SHOWIN OFF TO THE HO'S AND HANGERS-ON'S. MAKES MORE SENSE TO BUY A $1 MIL HOUSE WITH ZERO LOAN AND $50 MIL LEFT OVER THAN LEVERAGING $60... MIL IN DEBT AND NET EQUITY IF NOTHING. GENIUSES, I TELL YA... #TRUTH!!

1056 days ago
6.

Patrick Henry    

How is it that all these stars forget to pay the IRS and even if they have accountants they still have to sign the tax returns. Seriously, we are treated like criminals even over deductions but these people get extra time to sell of their holdings and expect the public to feel sorry for them IRS was never legal but they are thugs so we will never be free of them. In the meantime pay your taxes if you are rich as the little people will resent you!

1056 days ago
7.

tifosi44    

Sorry, but WHO is Chris Tucker anyway? Is this news?

1056 days ago
8.

Lan    

DAAAAAAAMN Smokey!!! Big Worm gonna get Uncle Sam-Deebo on yer ass now.

1056 days ago
9.

stu    

y did his ghetto fab self need 2 mansions?
@ the bank settles for 1/2 payback!!! he should be held accountable to pay it back when he makes Rush Hr 7.

1056 days ago
10.

libby    

wtf dumbasses...this isnt a shopping list!!!

1056 days ago
11.

libby    

Yall are stupid mother *******...that doesnt look like chris tucker

1056 days ago
12.

Angel2323    

One thing Im start to realize about TMZ they are racist. What I mean when it come down to White Folk Majority of the time they talk good about them. When it come down To Black Folks it Negative. I can say Majority of Blacks story is positive.

1056 days ago
13.

CountryGal    

LoL this is what happens when you get greedy and stupid with your $$$. All these actors, musicians, and athletes think the money will be rolling in FOREVER.

1056 days ago
14.

Tammy    

Since he's doing short sales, selling the mansions don't help the IRS situation as he's not making any money on the sales.

1056 days ago
15.

OooooNooo!    

Wow, somebody has been packing on the pounds!
Chris, dude, eat less and save you money!

1056 days ago
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