By: Taren Vaughan
Did Toni Braxton lose her million dollar mansion in Georgia? Toni Braxton has made millions of dollars throughout her career as a chart-topping singer and is starring in a family-based reality TV show. Yet with all the money that she has accumulated over the years, Toni has had her share of major financial problems, finding herself filing for bankruptcy more than once, the situations she was in forcing her to do so. Toni spoke on VH1’s Behind The Music about the heavy backlash that she received after she filed the very first time back in 1998, much of it coming from her fans and other celebrities alike, one of whom she adored and admired. And as she took the blame for her money troubles, Toni said that Oprah Winfrey played a part in her career spiraling downhill too after Oprah grilled her over the money issues that she was having at the time. Unfortunately, Toni found herself in the same predicament again, filing for bankruptcy a second time. And now it appears that she has lost the battle to keep her mansion in Duluth, Georgia too, the million dollar home being foreclosed on according to reports, making this the second home that the singer has lost:
R&B star TONI BRAXTON has lost her Georgia mansion to foreclosure.
The Un-break My Heart singer purchased the home in Duluth in 2004 for $1.5 million (£875,000), but she struggled to keep up with mortgage payments and bank bosses moved to claim the property in 2010, when she filed for bankruptcy for the second time.
Braxton has been fighting to save the six-bedroom pad, but she recently lost her bid to keep the house and it is now set to be auctioned off for $1.1 million (£687,500) in an effort to pay off some of her debts.
The mansion, which also boasted a jacuzzi and a library, was the same home featured on her 2011 U.S. reality show, Braxton Family Values, according to Tmz.com.
It’s the second property Braxton has lost as a result of her financial troubles – the Henderson, Nevada mansion she bought with ex-husband Keri Lewis was also sold at auction in 2010.
Damn. The reality show isn’t helping her finances?
Nope! Reality checks aren’t that big, contrary to belief.
This is what happens when you’re not smart with your money. Celebs go broke all the time because of it.
Well Toni was never smart about her money. So I am not shocked by this.
If she stop buying all the damn lace fronts!
Bad choices lead to debt!
If I had even just half the money she’s made from her music career, I would have made it last a LIFETIME. It makes absolutely no sense how some of these celebs blow their money trying to impress STRANGERS. smh