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Fantasia:

Going Once, Twice,

Not so Fast!

1/11/2009 12:27 PM PST BY TMZ STAFF

Fantasia apparently has figured out the new way in a bad economy -- cut a desperate deal.

0805_fantasia_getty
The "Idol" winner was about to lose her $1.1 mil pad in North Carolina because of $$$ probs -- she owed $58,000 to Broward Energy Partners and the company had put the house on the auction block. She had borrowed the cash from the company to pay taxes.

At the last minute, the woman who is now most famous for being a no-show when she starred in an Oprah play on Broadway struck a deal with the company and her home is safe -- for now.

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