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Oct 27, 2009

Toni Braxton Facing Foreclosure

Singer Toni Braxton has defaulted on her mortgage payments and the Bank of America is looking to foreclose on her home. Read more on Toni Braxton’s money problems below.

Toni Braxton has been dealing with health issues for several years and now it appears she is facing money problems too.

According to court documents, Toni Braxton has defaulted on her mortgage payments, owing $12,503.20 and Bank of America is looking at foreclosing on her place in Century City, Calif.

The news of Toni’s possible foreclosure comes after a lawsuit was filed against the singer by another financial institution, the City National Bank, who says Braxton owes $900,000 in loan payments.

Toni Braxton has been having money difficulties after scrapping her series of Las Vegas concerts back in 2008 when she was diagnosed with a heart problem. And Braxton is involved in a legal war with her insurance company after they refused to pay out on the shows she had to cancel.

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