This document summarizes 5 celebrity real estate mistakes: 1. Overspending, as seen with Teresa Giudice of Real Housewives of New Jersey who had to declare bankruptcy after lavishly furnishing her home. 2. Assuming the bank will work with you on an upside down mortgage, as Lisa Wu Hartwell and Alexis Bellino of Real Housewives learned. 3. Being unaware of one's own finances, which led Lynn Curtin of Real Housewives of Orange County to be surprised by an eviction notice. 4. Flipping a house for a quick profit without considering market conditions, as Ricky Martin found with a house he purchased in 2007. 5.