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Jose Eber's $$$$ Troubles: No Splitting Hairs

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Mar. 2 2009, Updated 7:18 a.m. ET

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Celebrity stylist Jose Eber must be tearing out his hair.

Eber has lost his Hollywood Hills estate to Chevy Chase Bank, RadarOnline.com has learned exclusively. According to court documents, Eber's home was foreclosed on this past February 4th. Jose owed a whopping $3,607,944.33 of unpaid debt on the estate.

Jose Eber was featured on ABC's Nightline last Friday night. The program was entitled Recession on Rodeo Drive discussing how the downturn in the economy has affected him. "I shop in K-MART for up to 4 hours a day, and buy all my underwear here," Eber said. One of his clients at his posh Beverly Hills salon on Rodeo Drive boasted how she once convinced Jose to give her a discount, and the segment also highlighted Eber revealing that his business has suffered because of the never ending recession.

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Eber is one of Hollywood's best known celebrity stylists. His first star client was Farrah Fawcett back in the '70s, followed by Cher, Jaclyn Smith, and Elizabeth Taylor.

We have calls into Eber for comment.

Check out the foreclosure papers here!

Or, click here to check out some pics of the house!

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