From the South Florida Web site: The residential real estate crisis started with the subprime sector, so most accounts of its foreclosure woes focus on working-class and middle-class homeowners having trouble keeping up with their mortgage payments. But many high-powered, wealthy celebrities are underwater, too. Most recently, hip-hop musician Wyclef Jean’s $2 million Miami Beach mansion has gone into foreclosure and is set to be auctioned off soon.
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