Another celebrity is feeling the crunch of the mortgage crisis ravaging the rest of middle-income America. According to TMZ, T-Boz of TLC is about to lose a five-bedroom, nearly 10,000-sq ft. house.
According to public records, she’s defaulted on the original principal of her mortgage (around $530K), and so now the state is taking it. It will go up for auction on January of 2009.
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