Toni Braxton's Foreclosed Mansion Up for Sale for $1.1 Million

Toni Braxton, foreclosed home

Though she's got a hit reality television show on the WE TV cable channel and an alleged talk show in the works, songstress Toni Braxton isn't so successful in the world of real estate.

Toni BraxtonThe six-time Grammy Award-winning singer has officially thrown back on the market the same Duluth, Ga., mansion that she tried "desperately" to save from foreclosure. In 2004, Braxton took out a loan for $1.5 million to save her stunning digs -- now on sale for $1.1 million -- but according to the bank, the famous spendthrift failed to make at least 10 monthly payments on the home between 2004 and 2009. (Braxton has also filed for bankruptcy twice in the past 15 years and has been accused of bankruptcy fraud. Her debts are said to be between $10 million and $15 million).

The Atlanta Journal-Constitution reported that the home has gone under contract, but that could not immediately be confirmed.

We can actually understand why Braxton fought so hard to keep the home, though: Just like her singing career at one point, it's impressive. The 11,400-square-foot, six-bedroom mansion is decked out with sprawling living spaces, a gourmet kitchen, a library and a Jacuzzi tub.

According to TMZ, this is the second home Braxton has lost to foreclosure -- her mansion in Nevada was also sold off in 2010. Hopefully, once she rids herself of this last mansion, she'll be able to "breathe again"



See also:
David Hasselhoff Sells California Mansion
King George IV's $160 Million Estate Hits the Market

'Zorro' Cabin Where the Hit Show Was Filmed


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