Foreclosures of the Rich and Famous

A look back at celebrity homeownership woes

ToniBraxton

(Source: Zillow.com)

Toni Braxton
Location:
Los Angeles

Grammy Award-winning singer Toni Braxton faced foreclosure in October on her 2,306-square-foot condo in the Century City neighborhood of Los Angeles that she purchased for $725,000 in 1996. Braxton defaulted on a Bank of America mortgage loan on the property and owed $12,503 . The property, which was listed at more $1.2 million by Sotheby’s International Realty Sunset, was sold this month.

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