Grammy Winning Singer Goes Through Foreclosure…Again
She’s sultry, she’s both a talented singer and actor, and she put out her seventh CD titled “Pulse” earlier this year, but Grammy winning R&B artist Toni Braxton has had problems keeping her act together…financially anyway.
Since 1993, when her self-titled debut album was released, the singer has faced some overwhelming odds: a 1998 bankruptcy filing that was highly publicized, her own health issues, the birth of an autistic son, and then in 2009 TMZ reported that she was facing the threat of foreclosure against her condo in the Los Angeles suburb of Century City.
Now, less than a year after separating from her husband of 8 years, Keri Lewis, RealtyTrac, the nation’s online foreclosure authority, is reporting that the singer’s Henderson, Nev., home the couple bought for $2.6 million in May 2007, has gone through the foreclosure process and is now on the books of City National Bank as an REO (real-estate owned). The bank foreclosed on the first trust deed valued at $1,950,000.
Transfer of ownership to the lender on the two-story, 5,337 square foot home with five bedrooms and four baths was recorded on Aug. 19, 2010, with a transfer value of $899,256, according to public records.
The home is currently listed on Realtor.com for $1,150,000 by Realty Executives of Nevada.
