Whitney Houston Homeless?
0 Comments Published by Robyn on Thursday, November 16, 2006 at 11/16/2006 01:36:00 PM.
Whitney Houston's $6 million New Jersey estate is slated to be put on a sheriff's auction block Jan. 4 because of more than $1 million owed in back taxes and other charges, according to published reports.The sale was scheduled Tuesday by the Morris County Sheriff's Office, the Daily Record of Parsippany newspaper reported. The service agent for Chevy Chase Bank, the mortgage holder, sued the soon-to-be-divorced singer, 43, in June. Neither the mortgage nor the taxes have been paid this year, according to county tax records.
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.
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