Toni Braxton's Foreclosed Georgia Mansion Receives Offer In Bank Auction

Toni Braxton

A formal offer has been accepted by the bank on Toni Braxton's 6-bedroom $2,000,000 Duluth, Georgia mansion, which is currently in foreclosure. The bank attached an auction price of $1,100,000 to the sprawling property, featured on the singer's reality show "Braxton Family Values." 

It must be difficult for Braxton to let go of the lovely home she lived in beginning in 2004, but vacated recently, due to foreclosure and bankruptcy. Braxton is now living in a large rented mansion in Los Angeles, California, in attempting to rebuild her career.

Toni Braxton's Sprawling Georgia Mansion On The Block In Foreclosure Auction

Toni Braxton

Toni Braxton has lost a second home to foreclosure, during her messy bankruptcy case that has already provoked the wrath of the court's trustee, due to the Grammy award winning singer allegedly trying to hide money via her husband ($55,000). Losing one property is bad enough, but two must be tough.

 

First her Las Vegas mansion went and now her lovely Duluth, Georgia mansion, featured in her family's reality show "Braxton Family Values" has been placed on the auction block by the bank, due to nearly a dozen consecutive missed payment. Braxton and her family are also facing claims they have failed to play a company that landed them lucrative advertising for their reality show. It appears Braxton's finances are still in a bad way.

The Real Foreclosed Housewives Of Atlanta

The Foreclosure Edition

Another star of Bravo’s “The Real Housewives Of Atlanta” has lost her home. Previously, NeNe Leakes was evicted from her rented home in the Sugarloaf Country Club in Duluth, Georgia, also home to Michael Vick and previously T-Boz of the girl group TLC.

Sheree Whitfield, was the next housewife from the show, forced out of her property, due to a foreclosure on her marital home, valued at the $3,000,000, because her husband stopped making the mortgage payments. The property was auctioned by the bank for $900,000.

Now, Lisa Wu Hartwell has lost her $3,000,000 home she shared with husband, football player, Edgerton Hartwell. The couple tried to have the mortgage modified with no success. They have since moved to a new property, after the bank evicted them for non-payment.

There is a lesson to be learned from all of this. The show advertises hedonism, avarice and excessive consumption as the way to live, when it's not. On the show, they worship money, which is destructive.

There is nothing wrong with working hard to support one’s family, but the love of money is the root of all evil, as the Bible says. There is a difference.

When backbiting and fighting over money and appearances of wealth, destroys families and friendships, how can that be a good thing.

Disclaimer: I know quite a few people in Atlanta and none of them behave like the people on the show.

'Real Housewife' Loses House, Still a Wife

Posted Aug 11th 2009 1:45AM by TMZ Staff - Lisa Wu-Hartwell needs a "Big Poppa" of her own ... the real housewife of Atlanta just lost her real big house in Atlanta.

TMZ has learned Hartwell and her husband, former Oakland Raiders linebacker Edgerton Hartwell, were booted from their multi-million dollar Georgia mansion last week -- after the bank foreclosed on the place and sold it shortly after.

Hartwell's rep tells us the couple was in talks with the lender to restructure the loan because the home had lost value -- but that failed. They originally bought the place for $2.9 mil back in 2007 -- but the bank only got $1.9 mil when they resold it this month.

The rep says "Ed and Lisa are fine. They have settled in their [new] home, that sits on 10 acres and they OWN it!"

http://www.tmz.com