RadarOnline reports on an all too familiar conversation us realtors have had with underwater sellers: "The house had been taken off the market last year after years of just languishing on the market. It became apparent that the house was going to be a total financial loss for Britney as she bought the mansion at the height of the real estate market and simply overpaid"

And the gut-wrenching solution we propose to sellers: "Britney and her dad realized that they were going to have to drastically slash the price and just unload the house at a loss."

Originally listed for under $7.5M, Britney bought it $6.75M, and just sold it for $4.25M. It has been sitting empty since 2007 when she went thru her infamous breakdown(s).  It's a bloodbath for Britney, but she has learned to move on and move in with her fiancé.  It's a hard pill to swallow for many sellers but take it from Brit, life does go on. Hang tight!