Kurt Cobain and Courtney Love's Historic HomeThe house was once owned by a lumber baron. And then, grunge rocker Kurt Cobain purchased it. Once he died, his wife inherited it and his sister lived there. Naturally, Courtney Love had some trouble paying the mortgage, and in 2005, the house was slated for public auction when the bank foreclosed.
Woody Creek Ranch in ColoradoDon Johnson's Woody Creek Ranch -- like this one for sale by Resort Home Magazine -- has been on and off the foreclosure books for years. The last time, he paid off his debts to (among other lenders) a local liquor store to save it.
Whitney Houston's Alpharetta, Georgia houseWhitney Houston's house went deep into foreclosure proceedings but was eventually saved. She sold the home in September 2007 for $1.19 million.
Once a top star in the NBA, Latrell Sprewell has gone from making $14.6 million a year to facing foreclosure on a Milwaukee home because he could not make the $2,593 per month mortage payment on his Milwaukee area home. The odd part about this story is he turned down a $21 million dollar deal last season.
