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Britney Spears sheds meltdown-era home, gains a co-conservator

April 26, 2012|By Christie D'Zurilla
  • Britney Spears is finally about to unload the home she lived in during her meltdown years.
Britney Spears is finally about to unload the home she lived in during her… (Vince Bucci / Associated…)

Britney Spears is taking a multimillion-dollar loss by selling her Beverly Hills-area home, but she’ll be shedding some bad memories along with that square footage.

The mansion -- purchased in a big rush in December 2006 after the pop star filed for divorce and left the Malibu home she’d shared with Kevin Federline -- is the same joint she was embarrassingly hauled out of more than once on her way to mental health-related hospitalizations in 2008.

There was always the whiff of buyer’s remorse around the mansion in a gated community off Mulholland, which she’d bought fully furnished and moved into in a matter of days, even before escrow closed. She’s been trying unsuccessfully to sell it starting in mid-2007, with an initial asking price of $7.45 million, more than the nearly $7.2 million she’d just plunked down just months before.

(Real-estate junkies might recall Southern California housing values peaking right about that time, before starting their burst-bubble free fall.)

Spears -- or rather, her conservatorship -- finally listed the house for $2.995 million this March in a sale requiring court approval.  The court Tuesday approved a $4.253 million offer, heading off a Wednesday hearing TMZ said would have probably brought uncertainty to the situation in the form of other bids.

But there was still some legal action Wednesday: Jason Trawick was approved as his fiancee’s co-conservator, joining dad Jamie Spears in watching out for Brit’s best interests. The conservatorship, put in place as a temporary measure after the singer’s 2008 meltdown, was made permanent later that year and will remain in place until word from her doctors convinces a judge that she’s fit to manage her own affairs.

As for possible conflicts of interest: Trawick, who proposed in December, won’t have control over his future wife’s financial affairs.

"Jamie's thrilled," Trawick’s attorney said after the hearing, People reported. "It's all in the family."

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