9 Black Celebrities Who’ve Faced Foreclosure
- By
MadameNoire
Toni Braxton
The six-time Grammy winner has sung the foreclosure blues not once but twice. She defaulted on her mortgage payments for her 2,306 square-foot condo in Century City, Calif that she purchased in 1996 for $725,000. Braxton owed Bank of America $12,503 for the mortgage loan. The property sold in late 2009 and was listed at more than $1.2 million. This year, she had to foreclose on her Henderson, NV home that she bought in 2007 for $2.6 million. The home was sold in September for a little over $1 million.
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