The lost homes of down-on-their-luck celebrities

Tamra Barney

Where: Ladera Ranch, Calif.

Bought for: $1.32 million in 2005

Lost in a short sale for: $1.2 million in 2011

The reason: Job loss? Strategic default?

Barney and her now ex-husband liked to show off their lavish, 4,300-square-foot home on The Real Housewives of Orange County. Barney initially claimed they put the five-bedroom, five-bath, Tuscan-style abode on the market because they wanted a more private residence. But the financial woes the couple faced, especially after her husband lost his job, were part of the show. After spending more than $200,000 on improvements such as a saltwater spa and waterfall, the reality TV diva said they lost about $600,000 on the home. The Barneys divorced soon after it was sold in a short sale.

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