UPDATE: Slash

Finally some good real estate news for top hatted and litigious rock star Slash and his wifey Perla. It appears they may have finally sold off their Wattles Drive white elephant in the Hollywood Hills.

The children will recall that Mister and Missus Slash filed a million dollar plus lawsuit against the real estate agent who represented them during the purchase of this house back in December of 2005 because, they allege, they were misinformed about the size of the house, the amount of parking on the property, whether the property is or is not located on a private street, and various other sundry and silly issues.

Shortly after purchasing the property for $6,250,000, the Slashers decided they didn't want the 5 bedroom and 6.5 bathroom mini manse after all. So they dropped it back on the market for $6,995,000. Despite several price reductions, the house languished on the market and the asking price was eventually brought down to $5,995,999, a number significantly less than the sue happy homeowners paid for the property.

Well, glory hallelujah because MLS information for the property is marked "Looking for a Backup" which indicates the house has finally gone into escrow. Of course a thousand and one things can still go wrong to cause the deal to go down one of the seven terlits in the house. For example, the potential buyers might be bothered by the parking situation at the house and decide to back out.

UPDATE: Ellen Degeneres

Foreclosures may be up and the mortgage mess might be wreaking havoc on middle-class homeowners, but the rich and famous still have plenty of money to buy, sell and flip high end houses. The Wall Street Journal's Private Properties column reported this week that perpetual and peripatetic house hopper Ellen Degeneres and her ladee lover Portia Di Rossi have a deal on their meticulously manicured 4-acre Montecito estate. The children will recall that the gurls bought the property just 14 months ago for a reported $15,750,000, made a few improvements and whipped around and put the George Washington Smith designed Mediterranean style estate back on the market for a staggering $24,000,000. No word on what amount the new owners will be paying for the property, but we can all safely assume that it will be enough to put millions into Ellen's beige Birkin bag.

The paper also reports what Your Mama revealed back in late October that Miz Degeneres and Di Rossi have purchased Will and Grace co-creator Max Mutchnick's recently over-hauled 8,800 (approx.) square foot Bev Hills house. Your Mama has also heard that Mister Mutchnick spent many millions doing over the long and low house that once belonged to professional behatcha Joan Collins. We understand that a new swimming pool was installed with a series of rooms underneath. Yes children, underneath the swimming pool.

This is not the first house the Miz Degeneres has purchased from Mister Mutchnick. According to property records and one of Your Mama's finest sources, Miz Degeneres purchased a house on Woodstock Road from Mister Mutchnick back in April of 2003. The house has since been sold to freakishly successful funny man Will Ferrell.

Although the sale price has not been disclosed, revealed or reported, Your Mama hears from inside sources that the gurls paid $26-30,000,000 for Cabrillo Drive property. We have no way of confirming the purchase price children, so realize that number is just gossip and hearsay at this point, and not hand-on-the-bible truth. According to the WSJ, the purchase price, whatever it was, included much of the furnishings and artwork.

Although property records do not indicate a sale, Your Mama also hears from more than one Beverly Hills blabbermouth that the real estate rich lesbians also bought the house across the street from their new digs, which is owned by celebrity real estate agent Jade Mills.

We have to wonder how long these two will stay living in this house up on Cabrillo Drive. For their own stability, we hope a very long time. For our sake, we hope that pack it up in less than a year because we just love discussing there constant moving.

From Our House to Yours

To all the tipsters, informants, real estate agents and researchers, and to all the many children out there who tune in every day to read and comment on our meaningless ramblings about celebrity real estate, Your Mama would like to wish a very Happy Thanksgiving to you and yours.

To all the rich and famous who never stop packing and unpacking, buying, selling, decorating and redecorating, Your Mama would like to thank you too. We couldn't do what we do without your insatiable and puzzling desire for bigger and better homes.

Your Mama is deeply grateful for all the websites, blogs, newspapers and magazines who tirelessly link over to our little folly and we owe them enormous and sincere thanks for all the publicity and linkage.

Your Mama and the Dr. Cooter will be sitting down with Your Mama's Mama, Sister Woman and her family, our long bodied bitches Linda and Beverly, Sugar the pussy cat, and a few arty farty females from New York City who are trekking out to our beach house to drink down a big bottle of Bombay Sapphire, gobble up the organic 17 pound turkey currently roasting in the Viking, chow down on chipotle infused sweet potatoes (thanks to Grandma Bunny and Flower for the recipe), plunder the pancetta and brussels sprouts, and slather it all with mountain of canned cranberry sauce.

Be sure and tell all the ones you love how thankful you are that they're a part to your life, and please know how very thankful Your Mama is for all the children.