Times are hard folks……..
According to TMZ, the 10,000-sq. ft. Georgia home of T-Boz (real name: Tionne Watkins) is set to go on the auction block in January 2009, after failing to make her mortgage payments.
Public records indicate that the singer has defaulted on the original principal of her mortgage, which is reportedly around $530,000, and now the state has taken it.
I’m not surprised she defaulted on the original principal of her mortgage. I am guessing that she no longer earns the sort of money that would enable her to meet those hefty mortgage payments each month.
Those TLC royalty cheques must be few and far between now…..
Categories: Lack Of Finances