Mischa Barton could lose house
"O.C." star Mischa Barton could lose her house after missing mortgage payments.
The actress' eight-bedroom Beverly Hills mansion worth over USD 8 million, has been placed in foreclosure after she failed to keep up with her mortgage repayments for the last five months, leaving her USD 100,000 in arrears, reports femalefirst.co.uk.
Barton might lose her lavish property unless she works out an agreement or brings her payments up to date soon.
The 28-year-old bought the property for USD 6.4 million, taking out a loan of USD 4.2 million, in 2005 and she has been trying to sell it since 2010.
The Spanish-style property was first put on the market for USD 8.695 million and then relisted after a brief break but after it failed to sell both times, she put it up for rent for USD 35,000 a month last year, though it is unclear whether she had any interest.
The mansion was then put back up for sale with the same price tag.
(Posted on 05-08-2014)