The many luxury homes that are mostly owned by celebrities and other high profile individuals have also been hit by the recession with several falling victim to foreclosure due to their inability to pay their mortgages. These multi-million or even multi-billion dollar homes took a long time to erect but they are also quite a liability due to their huge price tag. From maintenance costs to the mortgage, they all carry a high price that this current recession has taken a hard bite at resulting in their getting foreclosed by their lenders may they be private or banks. From Hollywood stars to former magnates in every field, they all suffer the same fate, Full Story »