UPDATE: Joe Babajian

All the children who follow the trials and tribulations of high end real estate in Los Angeles are more than well acquainted of the once high, mighty and extremely successful real estate agent Joe Babajian and his spectacular, very public and much discussed by Your Mama fall from grace last year when he and his bizness partner Kyle Grasso (and a number of other industry folks) were indicted on several uglee charges of fraud and money laundering charges.

Shortly after the indictment ol' JoeBabs put his house in the Bev Hills house on the market with an asking price of $6,995,000 which very quickly had a sliver of a reduction to $6,985,000. After several months of not selling and a few short weeks off the open market, the house was re-listed in January 2008 with a proper price adjustment to $6,595,000. Sure enough, a buyer soon responded to the decrease in asking price and bit the bullet and bought the fully renovated 3 bedroom and 3.5 bathroom house on Carla Ridge in the Trousdale Estates.

Thanks to Our Fairy Godmother in Beverly Hills, Your Mama has learned that the house sold and closed very recently with a sale price of $6,510,000. The owner is listed as a limited liability corporation, but thanks to a quick call to the insanely well informed Lucy Spillerguts Your Mama has learned that it appears the buyer is a young Serbian playboy named Marko Miskovic who is the son of one of Serbia's richest bizness tycoons Miroslav Miskovic.

According to an April 2006 report in the Times Online, the ol' JoeBabs crib is not the only property that is owned by the jet setting dilettante Marko. Sometime in early 2006 it was reported that Mister Miskovic the elder dropped a stunning £25,500,000 to purchase a mansion for Mister Miskovic the younger in London's posh Kensington neighborhood. The lucky scion also reportedly maintains a £550,000 yacht in Montenegro and has a thing for dating Serbian pop stars.

Watch out Britney Spear because now that you're back in your right mind and wearing panties under your mini dresses, young Mister Miskovic might be looking for a piece of your American pop stardom.