We've obtained legal docs that show Nancy's Bel Air home is $226,152.57 in arrears and the company that gave her the $8.5 million is getting ready to put the house on the auction block.
But the race is on. Nancy has listed her home for sale for a cool $19,975,000. Presumably, if she sells it she'll pay off the loan and pocket the balance. But the mortgage company tells us if they don't get paid by February 26, the house will go on the auction block.
Nancy Davis gave us this statement through a rep: "This is a paperwork glitch. The default will be cured and the house will not be sold through foreclosure."