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Chris Tucker is on the verge of foreclosure

Meagan Morris is an entertainment and lifestyle journalist living in New York City. In addition to SheKnows, Morris contributes to many publications including The New York Times, Yahoo! News, PopEater, NBC New York and Spinner. Follow he...

Chris Tucker: From superstar to homeless?

Chris Tucker is facing some pretty huge financial problems these days, thanks to his Florida mansion.

Chris Tucker: From superstar to homeless?Rush Hour actor Chris Tucker is in some pretty serious financial troubles these days -- he's about to lose his Florida home to foreclosure, according to court documents.

The actor, 39, bought a 10,000-square-foot waterfront home on central Florida's Lake Apopka in 2007. Tucker purchased the home -- located in the swank Bella Collina community -- for $6 million, but still owes about $4.4 million on it, according to the Orlando Sentinel.

"Tucker's was among eight luxury homes displayed during a 'Street of Dreams' event at the height of the real-estate boom in 2006, when unimproved one-acre parcels in the budding enclave of the super rich sold for hundreds of thousands of dollars. Some lots sold for more than $1 million," Sentinel reporter Stephen Hudak wrote.

The palatial home includes five bedrooms, a personal spa in the master suite, outdoor kitchen and "an unusual basement designed like a pirate ship with a wooden deck, mast and sail."

Celebrities that don't pay their taxes>>

Tucker has worked pretty consistently over the years, so why is the home in foreclosure? It looks like it's an age-old case of money mismanagement. Court documents show that the IRS took out a $11.5 million tax lien on the home earlier this year for unpaid income tax. In addition, Tucker's mortgage payment was $25,812.50 a month -- a huge amount, even by Hollywood standards.

We've reached out to Tucker's rep for his side of the story. He's staying quiet for the most part -- he just canceled a stand-up appearance in Albany, New York, scheduled for this weekend due to "unforeseen circumstances."

Let's hope he can get this figured out so he's not soon living like Sly Stone.

Image courtesy Johnny Louis/WENN.com

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