Foreclosures tend to get a bad rap, stereotyped as homes left in ruins by deadbeat owners who skipped out on their mortgages. Rarely do you think of a posh McMansion in foreclosure.
The lifestyles of the rich didn't go untouched by the housing crisis, and there are plenty of gorgeous, sprawling spreads out there that have fallen into foreclosure. Click through the gallery below to see just how impressive some foreclosures can be.
Multimillion-Dollar Foreclosures: Mansions Claimed by the Housing Crisis
If you can believe it, the price of this gorgeous Colorado homestead -- which the listing calls "the best lot in Cherry Hills" -- is reduced to entice buyers. The foreclosure has a gourmet kitchen, his and her pool cabanas, two guest suites and lovely gardens. "Priced to sell!" the listing says, and who wouldn't want to buy?
Location:Leland, Mich. Price: $4.75 million Beds/baths: 7/6 Sq. ft.: 5,718
This prime lakefront property on Lake Michigan was built in 1996 and has three natural stone fireplaces, tougue-and-groove wood ceilings, as well as three wells on the property. Part of the lot may be available for development depending on local zoning laws.
Location:Jupiter, Fla. Price: $4.3 million Beds/baths: 6/8 Sq. ft.: 9,153
You'd never guess that there would be a foreclosure in the same town as Celine Dion's famous manse, and one with an epic backyard water park. And from the looks of it, who would guess that this home would be said foreclosure? With grand archways, spiraling staircases and rooms awash in rich cherrywood, it is certainly not your typical foreclosure.
The lawn may be a little bit overgrown, but this foreclosed California home can still be a dream come true with a little TLC. It has a large kitchen with wraparound granite countertops, a huge master suite and long, beautiful gallery walkways.
Location:Las Vegas Price: $3.55 million Beds/baths: 5/8 Sq. ft.: 11,641
Las Vegas is one of the cities that was hit the hardest during the foreclosure crisis, but that doesn't mean that all its homes in foreclosure are dumps. This foreclosed mansion proves that: It has a grand entry foyer with sprawling marble floors, a modern-to-the-minute kitchen -- and even a theater!
Location:Naples, Fla. Price: $3.5 million Beds/baths: 6/8 Sq. ft.: 8,355
The foreclosure crisis clearly didn't spare even the most exclusive of enclaves: This massive estate has private lake and golf course views, a four-car garage, soaring salon with fireplace and grand staircase, and even a private "in-law suite" in the eastern wing.