Even celebrities aren't safe from the recession and the bad housing market! Rapper Xzibit is the latest star facing foreclosure on his California home after failing to make his mortgage payments.
The rapper owes more than $21,000 in back payments, and earlier this month documents that were leaked online showed that he owed more than $500,000 in unpaid taxes. Yikes!
According to TMZ, bank officials have sent him an official warning letting him know his Woodland Hills home is in jeopardy.
While $21K seems like a lot of money for average people, he probably has a diamond encrusted Rolex laying around somewhere he can probably sell to make rent. Remember, celebrity broke and average people broke are two very different things! We'll keep you guys updated on the status of his house.