Which Celebrity-owned Real Property Is Up For Sale Have you ever wondered what kind of lifestyle the rich and famous have? For all the unfortunate events happening around the world today and countries experiencing economic nosedive, celebrity news always provide the ordinary fan the much-needed relief. People are always fascinated to hear stories about popular personalities buying estates from or selling their multimillion-dollar mansions to other rich and famous people. Equally exciting is when this happens to be in the more expensive ZIP codes in and around L.A. Jessica Simpson heads the list. The mid-priced apparel mogul is reportedly buying the 11,000square-foot mansion in suburban Hidden Hills owned by Sharon and Ozzy Osbourne for over $12.4 million. Said couple also sold to Christina Aguilera in 2007 a six-bedroom Beverly Hills house costing $11.5 million which she in turn, sold in February 2013. Cher's duplex condo in West Hollywood had Vincent Gallo, David Geffen and Dragnet's Jack Webb as its previous owners. The singer recently made it available off-market for $5.5 million. TV tycoon Ryan Seacrest is the proud owner of a multi-residence compound in Beverly Hills he bought for $37 million from Ellen de Generes in 2012. It is said to have been previously owned by celebrities that include Will & Grace co-creator Max Mutchnick, Broadway composer Jerry Herman, socialite Joan Collins, comedian Totie Fields and, once upon a time, Oscar-nominated Room at the Top actor Laurence Harvey. Still many of the expensive celebrity-owned real estate are now for sale. King of Pop Michael Jackson's Holmby Hills French chateau-inspired home is one of them. He leased the home for a reported $100,000 a month but is now listed for $23.5 million. It includes everything the superstar could have dreamed of to keep the paparazzi at bay. Inside the house are such amenities as in-house spa, plush home theater and an elevator. The only hitch? It's also here where the superstar suffered his premature, drug-induced death. The most expensive celebrity residence which is now on the market for sale belongs to Candy Spelling, the widow of successful TV producer Aaron Spelling, and mother of actress and reality star Tori. Its price is a jaw-dropping $150 million. That makes it one of the most expensive residences for sale anywhere. The said property sits on 4.7 acres of lush landscaping and boasts of an orangery. The 56,500square-foot mansion is filled with everything you can dream of, from a two-lane bowling alley, game arcade to billiard room. There's even a professional flower-cutting hall. If you don't have cash, Spelling Manor can be yours for monthly mortgage payments of $881,961!
With all the vanity there is, you can bet that homes in this league are hard to sell. Celebrities also default on their tax payments, hence the selling of properties. Home liens amounting to millions that the owner can no longer afford to pay is seen as the primary reason for selling. But you can still make money buying tax liens if you know the right strategies. Just do your due diligence in finding where to buy tax lien certificates online. A broker for Nicolas Cage, Jennifer Lopez and Hugh Hefner discloses that even in good times, the market for these more expensive homes is extended. It's not like there are a hundred buyers out there looking for what you are offering. A noted investor stresses that a property in a desirable location and priced appropriately will sell fairly quickly. Anyone either a celebrity or not, can make huge profits investing in tax lien certificates and tax deeds with the right training. America’s Real Estate expert, Ted Thomas has helped thousands make big money investing in government-backed certificates. Register online to get free access to his video tutorials about property tax liens.