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Celebrity real estate

The issue of how to pass on your real estate holdings has played over and over on a public stage, thanks to celebrities like Michael Jackson and Katharine Hepburn. AOL Real Estate spoke with attorney Danielle Mayoras, co-author of Trial and Heirs, for advice on how to avoid property-inheritance mistakes.
Nicolas Cage's latest foreclosed house is apparently no national treasure. His Bel-Air castle of kitsch -- worth dozens of millions in better times -- finally sold for $10.5 million. It's the same six-bedroom, nine-bathroom mansion that attracted zero foreclosure bids on the courthouse steps in...
.postbody img {margin:0 5px 10px;}Along with Rolexes and Corvettes, our homes are an accessory that tells the world our station in life -- which may be why we are so surprised to see celebrities selling or leasing homes at the low-end of the market. Some of them are affordable to the average buyer...
Nicolas Cage bid adieu to another mansion Wednesday -- after no one bid for it in a foreclosure auction. His Bel-Air, Calif., Tudor estate went on the block starting at $10.4 million, a measly sum given that the "National Treasure" star had asked for $35 million when he put it on the market, the...
We go to the movies to forget our troubles, don't we? But increasingly, our celluloid heroes (how's that for a dated reference?) are providing us with daily reminders that they are, in fact, mere mortals falling victim to the same housing free-fall that keeps the rest of us up at night. Every day...
Real estate auctions began cropping up about four years ago, generally in places overbuilt with cookie-cutter homes. Initially, banks were auctioning off foreclosed properties. Then developers joined the bandwagon, trying to move their unsold inventory. Bargains galore, right? Well, not exactly....
If you want to know how the celebrity real estate market is faring in this Great Recession, who better to ask than a mini-celebrity herself? Sharona Alperin was only 17 when The Knack's song "My Sharona" shot straight to the top of the Billboard charts -- and became a pop music classic. Knack...

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