Tionne “T-Boz” Watkins has had her share of financial difficulties over the past few years.
[READ: T-Boz To Fans: “I’m NOT Homeless!” ]
Watkins also made headlines a few months ago when she was said to be dodging the repo man when she was reportedly late making payments on her 2005 Honda Odyssey.
Well now T-Boz can finally breathe a lil bit easier after downsizing her debt.
According to TMZ, the house is no longer a problem for T-Boz, in fact… she recently sold it.
But the sad thing about the real estate market these days is that most people are taking huge losses for properties they invested in years ago.
T-Boz reportedly only got a measly $680,000 for her mansion, walking away with a huge loss.
She originally paid over a million bux ($1,122,700 to be exact) when she purchased the huge home back in 2001.
Downsizing is a smart move.
Hopefully Watkins can finally get her finances in order. Dropping that huge mortgage is a start…
Are you surprised that so many entertainers are having financial difficulties?