They're rich and famous and in foreclosure
How does a Toni Braxton, Allison Janney or Kiss guitarist Ace Frehley fall behind on house payments?
The same way ordinary people do: They get squeezed by an adjustable-rate mortgage, trapped by a down economy or hung out to dry when prices refuse to rise sufficiently to cover their debt. Here are six celebrities whose fame and fortune couldn't forestall a real-life foreclosure.
The star: Jacqueline Laurita
The house: A 5,600-square-foot New Jersey mansion
The details: It seems the terms of Laurita's $1.6 million mortgage with Hudson City Savings Bank allows the lender to foreclose if the owner misses even a single $10,175 monthly payment. In February 2012, she did -- so they did.