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…
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?
