Just a quick note: If you're heading into foreclosure, you are not alone. Even reality stars are not immune.

Although I never watched the show, it was interesting to see that Real Housewives of Orange County star, Slade Smiley (claiming to be a real estate mogul) over-leveraged himself and wound up in foreclosure. According to a Notice of Trustees Sale dated August 28th, 2007, Slade Smiley owes $1,408,662.07 on his Coto De Caza home.The Notice of Trustees Sale showed that the house was to be sold at auction on September 27, 2007. Apparently, he found a renter for the time being. The irony is that he doesn't even live in the house that is shown on the new reality show, "Date my Ex" with Jo and Slade.

He was as desperate as everyone else as he attempted a short sale listing it at less than he owed ($1,290,000). In a familiar situation for California homeowners everywhere - no one bought it.

It sounds like the bank finally came in, took possession and unloaded it for 1.25.

According to Trulia.com the home recently sold for a piddly 1.25 million.

http://www.trulia.com/homes/California/Coto_De_Caza/sold/2162744-14-Meadow-Wood-Dr-Coto-De-Caza-CA

Sold for $1,250,000 on Mar 11th, 2008
5 br  4 ½ ba  4,389 sqft 
Single-Family Home

It looks like the reality business isn't paying too well either. He's still trying to hawk title insurance - which is a tough way to put food ont he table right now.

http://www.terrybradfordrealestate.com/PageManager/Default.aspx/PageID=1361173&NF=1