The lost homes of down-on-their luck celebrities
Where: Studio City, Calif.
Bought for: $3.1 million in 2006
Sold in foreclosure for: $2.6 million
What happened: Possible strategic default
It’s hard to imagine why the former Gossip Girl star and movie actress would stop paying her mortgage. But the Hollywood rumor mill is buzzing about Bell losing a house she proudly showed off in InStyle magazine, which described it as a “seven-bedroom, 5,500-square-foot, Spanish-style home ... on 2.5 acres, dotted with lavender, bougainvillea and abundant jasmine." Initial speculation was that Bell wanted to move in with fiancé Dax Shepherd, couldn’t sell the house for anywhere near what she owed on it and decided to just walk away. A classic strategic default. But Bell isn’t talking, and no one knows for sure.