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Toni Braxton Singing Foreclosure Blues

This is surprising to me. When I was in Vegas a couple years back her show was sold out every night! Maybe its just a business decision at this point…

Source: vibe.com

Toni Braxton has certainly seen better days. The singer was just slapped with a foreclosure notice on her Century City, California home.

Braxton owes $12,503.20 on a defaulted mortgage payment based on a loan from Bank of America. Most recently, Braxton defaulted on a $900,000 loan from City National Bank, and pledged to pay it back in November. According to the bank, they haven’t gotten a check since this April.

Braxton, whose loan balance was renegotiated to $657,567.54, now owes around $44,000 in interest. The 40-year-old singer took out the loan due to “financial difficulty.”

The singer also fell on rough times in the late ’90s, when she was forced her to file for bankruptcy after falling close to $4 million in the hole.

Braxton’s foreclosure notice was filed last month. –

Linda Hobbs
 

About Jeremy Smiley

Jeremy Smiley is a life long resident of Fresno CA. He started his real estate career in 2005 after an eight year career in marketing. After graduating at the top of his class at the London Properties School of Real Estate, he quickly earned the “Senior Sales Associate” Distinction. By his second year in business Jeremy had become a Mutil-Million Dollar Producer. At the end of 2007 Jeremy saw the pending real estate decline and decided to jump ahead of the wave of foreclosures and become a "Short Sale Specialist". Since then Jeremy has helped countless families avoid foreclosure and save their credit. Jeremy puts it best when he says "I'm saving our economy and community one family at a time."

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