Houston Facing Foreclosure

[SoulManX]

Whitney Houston's New Jersey home reportedly faces being seized and sold, because she owes more than $1 million in mortgage payments and unpaid taxes. The sale will take place on January 4, after being authorized this week by the Morris County Sheriff's Office. It follows a lawsuit filed by the service agent for the mortgage holder, Chevy Chase Bank, in June this year. If the sale goes ahead, Houston will only lose one of two properties that occupy her estate - which she bought in 1987 for $2.7 million - the one valued at $889,300. And adjacent house is valued at $5.6 million. The only way out for Houston is if she is able to reach a settlement with the service agent. The 43-year-old singer has dismissed the reports to Associated Press and her publicist insists the property is not in foreclosure.

 

[Darthphere]

"Ummm yeah, thats Bobby's house"

*ZOOM!*

 

[jaguarr]

Aaaannnnd Iiiiiiiiii....willlll allllwayyyyssss owwwweee youuuuuuuu!

jag

 

[Darthphere]

Aaaannnnd Iiiiiiiiii....willlll allllwayyyyssss owwwweee youuuuuuuu!

jag

Indeed.

 

[Drakon]

Chevy Chase Bank

 

[tzarinna]

She can't file bankruptcy,that can stop the foreclosure.
I don't know why more people don't do it,then sell the property.

 

[jaguarr]

Indeed.

Don't be a hayta!

jag

 

[cheungcheung]

When I saw this thread title I was thinking Houston, tx was becoming the next Detroit.....

 

[JJJ's Ulcer]

I was going to say this is the "worst bump ever", but then I saw this is a Whitney Houston thread and I didn't want people thinking I was making a coke joke.

 

[Morg]

going close this really old thread