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Toni Braxton

My Foreclosed Mansion

Is FOR SALE!!

11/11/2012 10:05 AM PST BY TMZ STAFF
EXCLUSIVE

1111_old_pad_launch
Another one bites the dust for bankrupt Toni Braxton ... the singer's Georgia mansion -- the one she desperately tried to save from foreclosure -- is officially up for grabs to anyone with a spare $1.1 million.

Braxton took out a loan for the Duluth, GA crib back in 2004 for $1.5 million -- but according to the bank, she failed to make at least 10 monthly payments between 2004 and 2010.

As TMZ first reported, the singer filed for Chapter 7 bankruptcy in 2010 -- during which time she tried to save the home from being sold off. It didn't work. 

Here's what she's losing ... 11,400 square feet,  6-bedrooms, 6-baths, an acre of land, jacuzzi tub, gourmet kitchen and a library.

FYI -- This is the second house Braxton lost to foreclosure. Her Nevada pad was sold off back in 2010.

And Fun Fact: The house was featured on Braxton's reality show "Braxton Family Values." Safe to say they won't be holding any reunion specials there.

78 COMMENTS

No Avatar
46.

Brittany Bing    

Another sad LaFace story..In the music business you must write and or produce to generate the serious royalties.Or you can do like the X-Factor judge and sleep with producers and writers in exchange for song writing personal credit..

526 days ago
47.

Emily    

I just don’t understand how some celebrities can be so irresponsible. In case you take out a long-term loan you should understand that it will be necessary to make payments on time during all the repayment term. She has missed at least 10 monthly payments and hoped to save a house…But lenders do not take her as a responsible borrower anymore and that’s why foreclosure was absolutely expected consequence in this occasion. Famous people are busy and it’s easy to forget to make some payments and bills. But for the lenders it’s doesn’t matter if you’re a star or an ordinary person. The most important you to make payments on your mortgages, loans or online payday loans in time. Then you won’t face any problems.

438 days ago
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