Money $$$ Troubles: Fantasia Loses Mansion AND Montell Jordan Owes Taxes
[photogallerylink id=98673 align=left]The housing market has even been affecting your favorite artists. In 2007, singer Fantasia Barrino bought a 5-bedroom, North Carolina mansion that was shown on her reality show, “Fantasia For Real.” She bought the home for $1.3 million… unfortunately, her purchase has gone down the drain. More money trouble? Montell Jordan hasn’t paid his taxes…$627,987.06 worth…
The Jasmine Brand reports about her troubles, saying they began in 2009, when she was on the brink of losing the mansion in an auction, “after defaulting on a large loan she took out for the home.”
Trouble has crept back, and now she attempting to sell the North Carolina house she had fought so earnestly to keep. Unfortunately, the selling price is $500,000 LESS than its original price…the house is now listed for $800,000. In addition to this, “professionals believe that she will have to sell it for even less than her asking price.”
Pics of the mansion HERE!
It’s crazy how bad this housing market is affecting everyone…
TMZ has documents on Montell Jordan “forgetting to pay his taxes,” owing a whooping $627,987.06!
These taxes are owed for the years 1999-2001.
TMZ continues to report, “according to the Federal Tax Lien filed against Jordan, the government first filed a lien against him in 2004, but since he still hasn’t paid up, they refiled it last month.”
The IRS is persistent, in getting their $$money$$ SOON, and if this payment is not given, they are allowed to battle for Jordan’s property in court.