2006-07 seemed to be the best year for the real estate market and sky seemed to be the limit. Properties purchased at the time lost value dramatically as the financial crisis set in soon after. Many of the mortgages had to be foreclosed and some are facing foreclosure even now. There is news that comedian Chris Tucker’s $6 million 10,000-square-foot Florida estate is reportedly at risk of going into foreclosure and add to the long list of foreclosed homes. Orlando Sentinel has got access to the relevant foreclosure papers and the picture doesn’t look good.
Tucker owes $4.4 million to the banks against the luxurious estate. In addition he has a $11.5 million lien on his home against the federal taxes owed by the actor. The luxurious Lake Apoka residence was part of the eight luxury homes that were part of the Street of Dreams real estate event in 2006. The house features five bedrooms, three fireplaces, a personal spa in the master suite, an outdoor kitchen and a pirate ship-themed basement. No one concerned was willing to comment on the matter at the moment.
Chris Tucker is perhaps best known for his appearance in the Jackie Chan film Rush Hour. He has a distinctive high pitched voice and was in the midst a much hyped comeback comedy tour. But things don’t seem to be going right on the career front either as the October 16 Albany show at the Palace Theatre was suddenly. Live Nation, which was behind the show did not elaborate on the reasons but simply blamed unforeseen circumstances. The show was earlier scheduled for September 3 and later postponed. Live Nation has now announced the cancellation and refunds on tickets already purchased. You can watch this space for further developments.