Buying in the O.C. might have been cheaper.
Actress Mischa Barton’s Beverly Hills villa is in default. Despite several attempts to sell or rent it out, Barton is now $100,000 behind on mortgage payments, according to property records.
As first reported by TMZ, the former “O.C.” star got in too deep on the 8-bedroom, 11-bath estate she bought in 2005. She paid $6.4 million for the mansion near the height of the real estate bubble — and also near the height of her fame. (more…)