The foreclosed mansion of bankrupt singer Toni Braxton is now for sale. Braxton tried to save her Georgia mansion but ultimately lost the $1.5 million home. According to bank records Braxton missed 10 monthly mortgage payments between 2004 and 2010.
The Duluth, Georgia home was originally purchased for a cool $1.5 million. The home is now on the market for the bargain price of $1.1 million.
During her 2010 Chapter 7 bankruptcy Tony Braxton tried to save the home, a move that ultimately failed when the bankruptcy judge overseeing her case refused to give her home protection from the filing.
For $1.1 million the lucky buyer will receive 11,400 square feet, 6-bedrooms, 6-baths, a library, gourmet kitchen and a jacuzzi tub. The Georgia mansion also sites on one acre of land.
Toni Braxton is no stranger to losing her personal property to foreclosure. The singer watched as her Nevada home sold in 2010. The buyer of the Georgia mansion has more than just the Braxton name to brag about, the house was featured in the short lived reality TV show Braxton Family Values.
During her bankruptcy hearing Braxton claimed to have upwards of $50 million in debt with an estimated personal wealth of just $1 million to $10 million. Among some of her bills were: The Four Seasons Hotels, medical bills, DirecTV, Neiman Marcus, Flaming Las Vegas, and BMW Financial Services, etc.
Braxton has also been accused of fraudulently transferring money before her bankruptcy.
From Nicolas Cage to Dustin Diamond, if we have learned one thing in recent years it is that no star is too small or too big to face home foreclosure.
