Former TLC singer, T-Boz, is another victim of the sad state of the housing market. She too has is reportedly losing her home.
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.
T-Boz is not the first of a long list of celebrities who can’t make their house payments.
Following news of Ed McMahon who got bailed out by Donald Trump when he was in a crunch, also the likes of hip-hop mogul Damon Dash, and most recently “American Idol” winner Fantasia, are among celebs who lost their homes to foreclosure.