The lost homes of down-on-their luck celebrities

Timothy Busfield

Where: Malibu, Calif.

Bought for: $1.25 million in 2003

Being sold in foreclosure for: $902,500

The reason: Divorce

The actor and director (you most likely know him from his roles on Thirtysomething and The West Wing) went through a costly divorce in 2007. Divorce is a major cause of foreclosure. Either one person in the couple can't buy out the other, or the one left holding the house can't afford the payments, especially if he or she is also paying spousal support, as Busfield reportedly is. Although the home boasts panoramic ocean and mountain views, it’s fairly modest by Hollywood standards -- just 2,396 square feet with three bedrooms and three baths. It was repossessed in January 2011, and the asking price was cut by $47,500 in February.