Whitney and Bobby’s Mansion Goes Into Foreclosure

November 16, 2006 / Posted by:

Whitney Houston’s $6 Million New Jersey home will go on the Sheriff’s auction block on January 4, 2007, because nearly $1 million is owed in taxes unpaid. Whitney bought the home 9 years ago for $2.1 Million. OFF TOPIC – Everytime I hear “2.1 Million” I think of that damn Larry H. Parker commercial. Back on track, People Magazine reports:

Houston’s estate encompasses two lots, with the lot for sale assessed at $889,300. The adjacent property is valued at more than $5.6million, reports the Daily Record. Houston purchased the properties nine years ago for $2.7 million. To pay off the mortgage, Houston was to shell out $4,711.18 per month from June 2004 until May 2034, for a total of about $1.7 million, the paper reports. If the past-due payments are made, the sale could be called off, says Gayl Spivak, an attorney representing Mortgage Electronic Registration Systems. Houston also has homes in California and Georgia. Through a secretary, Houston’s publicist, Nancy Seltzer, told the Daily Record that the property was not in foreclosure. There has been no further comment.

Broke bitches! Is this the same mansion where he drug den was? That has to be a selling point. Not many mansions have their very own crack dens.

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