Tionne “T-Boz” Watkins has had her share of financial difficulties over the past few years.

The TLC singer nearly lost her home to foreclosure a few years back and even filed bankruptcy a few times in order to save her mansion and other assets.

[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.

[READ: Hard Times? T-Boz’s Honda May Be Repossessed Soon… ]

Well now T-Boz can finally breathe a lil bit easier after downsizing her debt.

Details below…

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?