Toni Braxton, Bankruptcy: Singer’s Georgia Mansion Up For Sale
The road continues to be difficult for Toni Braxton, who filed for bankruptcy in 2010. According to TMZ, Braxton’s mansion that was featured on her reality TV show “Braxton Family Values” is up for sale for $1.1 million.
Back in 2010, TMZ reports that Braxton tried to save the Duluth, GA., home from foreclosure, but her efforts were unsuccessful. The “Unbreak My Heart” singer first took out a loan for the six-bedroom house in 2004 for $1.5 million, and the bank says she failed to make at least 10 monthly payments between 2004 and 2010.
It’s the second property that Braxton has lost to foreclosure. Her Henderson, Nev. house was sold at an auction in 2010.
A few weeks ago, Braxton opened up about her financial struggles on VHI’s “Behind the Music.” The singer recalled how she felt angry after having to file for bankruptcy when insurance wouldn’t cover her Las Vegas show.
“I had to file bankruptcy,” she explained. “I couldn’t pay all of those creditors for the show. I felt like everyone was saying, ‘I told you so. She spent the money the first time and she spent the money the second time.’ I was disappointed that I had to file again. Actually, I was angry at myself that I was back in this situation.”
Braxton hasn’t commented on the new development, but watch her full “Behind the Music” interview below.
Watch “Toni Braxton’s Behind the Music Special” Video
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