Britney Spears How to Make Money In this Housing Market
Britney Spears could get $1.5 million more than the asking price of the house she's selling ... not bad for someone who's been under a conservatorship for 4 years.
TMZ broke the story ... Britney sold her Beverly Hills estate for $4,253,000 ... which is pretty impressive, considering she was asking $2,995,000.
But it gets even better for Brit. Because of the conservatorship, the sale must be approved by the probate court later this month, and during the hearing anyone can go before the judge and overbid the buyer.
We just got our hands on court documents, which show that the minimum bid the judge will accept is $4,466,150.
But here's the bad news. Britney paid $6.8 mil back in 2007. Still, all and all, she's doing better than most in this market.
As we first reported, Britney will be moving into a rental with her 2 kids and her fiance Jason Trawick ... until they find something to buy.
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Nic Cage $6 Million Down $6 Million to Go
Nic Cage is half-way back to solvency ... TMZ has learned the actor just took a $6 MILLION chunk out of his MASSIVE tax bill to the federal government.
According to official documents obtained by TMZ ... Cage paid off the $6,257,005 he failed to pay in federal income tax for 2007.
It's a huge step ... considering Cage fell around $13 million behind in taxes for 2002, 2003, 2004 and 2007. Cage blamed his former business manager for driving him to what he called "financial ruin."
As we previously reported, Cage has been slowly chipping away at the debts from 2002 --2004 ... and if he just knocks out a few more "Ghost Rider" movies, he should be even-steven in no time.
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Justin Bieber Seals Home Deal Calabasas Mayor Totally Stoked!
Justin Bieber has haggled his way to Calabasas by purchasing a 9,000 square foot mansion.
TMZ has learned ... after negotiating back and forth with the seller -- who wanted $7.5 mil -- Justin inked the deal for a little more than $6 mil. He'll get the keys by the end of June.
The Mayor of Calabasas, Mary Sue Maurer, couldn't be more thrilled, telling TMZ ... “Justin is welcomed to Calabasas and his privacy will be respected just like everyone else's." Thing is ... Justin's privacy problems are not at all like everyone else's.
One of the big attractions for the Biebs -- the property is nestled in a gated community that has not just one but two security gates.
The weird thing -- Calabasas is a suburb outside of L.A. -- 22 miles from the heart of Hollywood. You would think an 18-year-old gazillionaire would like the action, but he seems to get plenty of that anyway.
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Rosie's Mansion This is What $19.5 Million Looks Like
Rosie O'Donnell's ditching her sweet mansion on Miami's Star Island -- and based on these pics ... we can't understand why she'd ever leave.
As we told you last week, Rosie just put the pad on the market -- asking price $19.5 million -- and it includes waterfront views and a massive aquarium in the dining room.
If you're one of the Mega Millions winners -- feast your eyes on these shots around the 11,000 sq. foot spread ... it could all be yours!
If you didn't win ... check out the gallery anyway. Dream a little.
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Russell Brand to Katy Perry You Can Have the House
Russell Brand is one step closer to severing all ties with Katy Perry -- because he's surrendered his interest in the house they bought together while they were happily married -- if they were ever really happily married.
TMZ got hold of a quitclaim deed that Russell filed in L.A. ... giving Katy all rights to the $6.5 million house -- lock, stock and barrel.
Sources tell us ... it's all part of the property settlement agreement between Russell and Katy.
It's further proof of what Russell said -- that he doesn't want a penny of Katy's money and wants the split to go as amicably as possible ... so far, so good.
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'American Idol' Mansion Swingers Warn Contestants -- NOWHERE IS SAFE!!!
The "American Idol" finalists better watch their step in their Hollywood mansion -- because no matter where they go ... someone has probably already had dirty sex there ... this according to two swingers who used to live in the house.
TMZ broke the story ... Idol’s current mansion was last occupied by a bunch of sex-crazed swingers for Playboy TV's racy reality show "Swing" ... about a random group of live-in swingers and their X-rated sexcapades.
Now former Swing-mates Michael and Holli tell us -- NOTHING in the finalists' current digs was off limits for boning ... especially not the Idol finalists’ music room, where the singers practice.
According to Michael and Holli, the room was a sex mecca -- lined wall-to-wall with mattresses. Castmates even called it the Boom Boom Room.
But that's not all -- according to the swinger duo, the mansion's former swinger occupants did it in the shower, on the floor, on ALL the countertops, outside, and their personal favorite ... in the elevator.
The one exception: Michael and Holli insist the jacuzzi was a self-imposed no-bone zone ... for hygiene's sake. We still recommend wearing shower shoes.
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Ashton Kutcher Buys Multi-Million Dollar House Divorce A Certainty
Ashton Kutcher is now the proud owner of the multi-million dollar awesome Hollywood Hills home that he has been renting, TMZ has learned, and based on the documents there is no doubt Ashton and Demi Moore are getting divorced.
We obtained a grant deed filed by the seller, recorded on March 23, which deeds the property to Christopher Ashton Kutcher. On the same day, Demi recorded a quitclaim deed, transferring any ownership she might have in the house as Ashton's wife back to her soon-to-be ex-hubby.
The quitclaim deed is significant, because it shows Ashton and Demi are trying to keep their financial affairs separate after their split. It's a clear sign divorce is imminent.
It's the same house Justin Bieber had scoped out when he was house hunting.
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'American Idol' Mansion Former Orgy Porn Den
The "American Idol" kids are following in the footsteps of orgy-lovin, sex-crazed, swingers -- TMZ has learned -- because the mansion they just moved in to was previously used for PORN!
Sources tell TMZ, the new digs currently housing the top 9 finalists on ‘Idol’ is the same place Playboy TV shot season 2 of its racy sex show "Swing."
For those you who haven’t seen it ... "Swing" is a show about couples who move into a house with the sole purpose of “living out their erotic curiosities” through swinging ... i.e one big fat excuse for banging each other as often as possible.
As for the specs -- the former sex den is a 10-bdrm, 16-bath, 16,000 sq. ft swingers dream ... now housing the squeaky clean -- soon to be Disney World attraction -- "Idol" finalists.
Note to the contestants -- bleach is your friend.
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Stephon Marbury Loses L.A. Home At Foreclosure Auction
Good thing Stephon Marbury's making bank playing ball in China -- because his L.A. mansion was just sold at a foreclosure auction.
According to new court docs, obtained by TMZ, Stephon owed $3.1 million on the 7-bdrm 8-bath 8,000 sq. ft. L.A. property -- and the house was just sold to a lucky buyer for $2.275 million.
The docs don't say whether the bank plans to go after Marbury for the balance -- or if this settles his debt.
Stephon just won a championship playing basketball for the Beijing Ducks in the Chinese Basketball Association -- so it's unclear if dude's even aware this happened. If not, consider this a memo.
And can you believe it -- it's been nearly 3 years since Stephon went on the Internet and ate Vaseline in front of thousands of people. Those were the days.
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Rosie O'Donnell Selling Fancy Florida Mansion
Rosie O'Donnell has put her enormous Miami Beach mansion up for sale -- and she's asking for $19.5 MILLION.
Rosie put the Star Island property up for sale today -- just days after her show was canceled on the Oprah Winfrey Network. It's unclear if the real estate move is related to the TV flop.
The home features TWO private guest houses in addition to the main house -- and 203 feet of prime water frontage.
Rosie purchased the 11,000 sq. ft. beachfront property in 1999 for $6.75 million. Apparently, it was a damn good investment.
Thanks to South Beach Condo Blog for the heads up.
Rosie's publicist tells TMZ, the actress now lives in New York full-time -- adding, "She's loved being in Miami for the last 15 years and loved her house on Star Island. Now that her kids are grown with 2 away in private schools there is very limited vacation flexibility and they are not able to use the home as much.."
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Britney Spears Sells Home For HUGE Price Will Move in with Jason Trawick
Britney Spears has sold her Beverly Hills estate ... TMZ has learned, but that's not the big thing. Get this ... it was listed at $2,995,000 and real estate sources tell us it sold for $4,253,000.
We're told Britney's people listed the house at a modest price, expecting multiple bids and possibly even a bidding frenzy. It looks like it worked out for them, because the price they accepted is more than a million over asking.
And it gets better ... because Britney is under a conservatorship in probate court, there will be a hearing on the sale next month, and anyone can come to court and overbid the accepted offer.
The house is in the Summit, an exclusive gated community -- and it's the house where Brit famously had a meltdown in 2008 ... when she was strapped to a stretcher and taken to a hospital.
As for where Brit will be moving ... real estate sources tell us she and fiance Jason Trawick will be renting a house for the short term, until they find something they want to buy.
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Kristin Cavallari Family Loses 'Laguna Beach' Mansion
Kristin Cavallari has some problems back on the home front ... because her family has officially lost their ocean-front mansion featured on "Laguna Beach" after falling behind on mortgage payments.
The house is INSANE -- 5 bedrooms, 5 baths, ridiculous infinity pool, dry sauna, wine cellar, yoga room and some of the sickest beach views you've ever seen in your life.
But TMZ has learned ... the bank recently foreclosed on the property because, according to official documents, KC's father Dennis failed to make payments on the $7,599,458.66 he owed on the place.
And now it's too late for the Cavallari's to get the place back ... because the house was sold at a public auction just last month for $6.1 mil.
Calls to Kristin's rep have not been returned.
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Justin Bieber The Housing Crisis Is Hurting Me Too!
Justin Bieber is suffering the effects of the housing crisis ... just like millions of other homeowners ... because he can't get the mortgage he wants on the house he wants to buy.
TMZ broke the story ... Justin has made an offer on a 9,000 square foot estate in Calabasas, CA ... a ritzy area with gated communities 20 miles from Hollywood. We've learned the hang-up is that the property didn't appraise near the asking price of $7+ million.
Justin could easily afford to plunk down the asking price, but we're told his business manager has insisted that he take out a mortgage, because it makes good financial sense. But we're told the appraisal has come in significantly under asking -- more than a million under. As a result, Justin can't get the mortgage his business manager wants.
So Justin and the seller are haggling over price, trying figure out if they can agree on a price that will allow the 18-year-old to get a mortgage. We're told Justin is willing to pay $6 mil but the seller is blanching because he sunk way more than that into the property.
It's tough for everyone in these difficult times. Well, not really.
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Wiz Khalifa So What I Bought a New House ... DEEP in Steelers Country
Rapper Wiz Khalifa loves black and yellow so much, he just put down some MAJOR roots in Steelers territory -- with a brand new $900,000 Pennsylvania pad.
The sleek, high-tech, 5-bdrm, 4-bath house in Canonsburg, PA is 3,891 sq. ft. of Brazilian wood floors, modern décor and bad ass lighting.
The rap giant didn’t skimp on amenities either -- with stainless steel appliances, swanky granite tops, 15-ft ceilings, and a ginormous outdoor entertainment patio.
Fun Fact: Khalifa's new house has sentimental value -- guy went to high school just 25 miles away.
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Justin Bieber's Dream Mansion Underground 21+ Entertainment
2:10 PM PDT -- Sources tell us ... Bieber is extremely close to sealing the deal on the house ... but he does have one minor reservation -- he's frustrated that everyone knows about the home.
Still, we're told Justin and the seller are "very close" to going into escrow ... they just need to work out a few minor points.
18-year-old Justin Bieber won't be able to enjoy his L.A. dream mansion to the fullest -- at least for the next three years -- because one of its coolest amenities ... is strictly for the 21+ crowd.
As we previously reported, Bieber has put an offer on a 9,000 sq. ft. Calabasas estate way outside Hollywood -- and among its awesome features ... a fabulous wine cellar.
Bieber won't be able to avail himself of the cellar's services -- unless he plans to store Pepsi down there -- but he WILL be able to enjoy the 6-bdrm mansion's GIANT outdoor pool, spa, sauna, separate guest house, and private movie theater.
As for the real selling point -- the Calabasas community where the house is located is a veritable anti-paparazzi fortress ... with several highly-guarded security gates. The community is also home to Travis Barker, NFL star Keyshawn Johnson, and Master P's son Romeo.
No word yet if Bieber’s offer has been accepted.
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Justin Bieber Haggles on Calabasas Mansion
Justin Bieber has made an offer on a sprawling mansion in Calabasas, CA ... but we're told the 18-year-old is wheeling and dealing with the seller and unless the seller caves ... it may fall through.
We're told the estate is in a gated community, which is the attraction for Justin -- privacy. The downside -- Justin just turned 18 and it's kinda weird for someone his age to live 22 miles from the Hollywood scene.
Our sources say the seller was asking for around 7+ million but Justin's offer was approximately $1.5 million under that price.
And he has by no means decided to buy the house at any price. We're told on Sunday he looked at another house in the Hollywood Hills -- NOT the house Ashton Kutcher is renting.