More Recession Blues for Toni Braxton… Do We Smell a Foreclosure???

Posted on October 14th, 2009 - By Bossip Staff

Categories: News, Pay Yo Bills, Toni Braxton, When The Checks Stop Coming In

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Toni Braxton needs some serious management with her finances. First she defaulted on a loan and now her house is up for foreclosure.  Toni B…. Get it Together!!!

More Details Under the Hood…

Toni Braxton will be adding her name to the list of the broke and busted as her home goes into foreclosure.  Bank of America is looking for Toni to pay about $12,503.20 in mortgage payments. This isn’t really a lot for Toni but when you haven’t had an album in years and doing Vegas strip shows the light at the end of the tunnel looks dim.

Damn fu*k making it rain Toni can’t even make it drizzle now a days.

  • I AM LEGEND (A Wise Man Told Dont Argue With Fools)

    o well…live within your means

  • drenk

    would playboy be willing to offer some cash to see some gash??

  • http://www.swirlsociety.com number1

    very true legend but its still sad no matter where they come from when this happens rich or poor…

  • http://www.swirlsociety.com www.swirlsociety.com

    this girl will get back up and fight on she always does and good luck to her plus this white man thinks shes a hottie to go with it.

  • jusdon’tgetit

    Why do celebs have mortgages? Just pay for the damn thing.

  • LYRICS

    so sad…..but did u guys REALLY need 2 put the boogie pic back up????? DAMN

  • Caitlin

    nice booger Toni

  • Aunt Viv

    Fiscal responsibility folks!

    Such a bad picture of her!

  • http://WWW.MYSPACE.COM/HUBMUSIQUE BIGHUB

    SHEE NEEDS TO GET THAT BOOGER OR COKE OUT OF HER NOSE.

  • Heather

    Amen Aunt Viv…every one should be a more fiscally responsible! THis is the second time for Toni and the broke blues…its like be like Khandi start buying ish you can afford!

  • mzsweetface

    She needs to tell her hubby to find a job and help with the bills.

  • The fwesh pwince™

    Why she couldn’t manage her finances back when she was relevant is beyond me.

  • I AM LEGEND (A Wise Man Told Dont Argue With Fools)

    These people make so much money yet they get loans on a house…I would just pay off my house cash and not worry about it..

  • http://yahoo son’s in college

    This is sad.

  • da4seentruth

    ewwww, she looks terrible. She looks like she has hit the plastic surgeon too.

  • darwin

    Don’t worry Toni you can come and stay with me anytime you want. Still beautiful, talented and I’ll clean that boogie out your nose.

  • SHE’SPISSED

    wowzers…thats why you dont put ur nose all in the camera..

  • HoneySuckleGirl (KEEP ME NEAR THE CROSS….LOL)

    @Black to the Bone

    I agree. It is like every artist that is reported to have financial trouble they just go crazy over that.

  • resurrected

    Are her and her husband still married or together?

  • sunny

    Tony was my girl back in the day…but ima keep it real, if she stop spending money of all those body altering surgeries, maybe she can pay her bills.

  • Mikka

    Toni is not broke she has many homes & probably owes more on this one then its worth.Many celebs/athleets owe mortgages because its a write off.I know this because my sister in law is a realtor to the rich.Also from personal experience.On that being said Toni should’ve married Jason Kidd when she had the chance or a non black man financially secure.She’s the breadwinner for a loser hubby.She married so beneath herself.

  • BIGGIE

    who is she married to?

    come stay with me

  • lt

    Isn’t this the second time she’s been in financial trouble? Toni, What’s really going on?

  • asds

    she claimed she was broke, when she hit the vegas strip. what happened to all that bread? her mistake, was marrying that mint condition dude, and letting him run her affairs. I hear he burned a lot of bridges, dame dash style. I listened to a few of her older songs the other day…. wow. she is a world class singer, if we’ve ever had one. what a waste. that bugger in the nose pic is a microcosm of her life. Great artist, just not ready for the rest that comes with it.

  • http://BOSSIP Damn D

    Damn…

  • Black to the Bone

    At Mikka- waht part of Jason Kidd beating women’s asses did you miss, including punches to the jaw and spit in the face?

    So Toni should have chosen spousal abuse over debt?

    And as far as her marrying a non black man- so we have no evidence to ever support the fact that White men can be lazy and shiftless and take a women’s money?
    GTFOH

  • CubaLinda

    Why do celebs have mortgages? Just pay for the damn thing.

    Annual tax Benefits of a mortgage that you wont get if you pay up front.

  • http://bossip shelia

    TONI IS SO PRETTY SHE SHOULD HAVE MARRIED A WHITE MAN OR NON-BLACKMAN AND SHE WOULD PROBABLY NOT BE IN SITUATION RIGHT NOW.

  • Crunch Berry

    I am so grateful to be able to make my own mortgage this month, I don’t have the time or inclination to throw dirt on those who were not…too busy thanking the Lord for the solid.

  • Michael

    This is not her second time being in financial trouble it’s about her third or fourth time. Several years ago she almost lost a house and has been sued numerous times. It does not matter how much money you make if you can’t manage it.

  • David

    People need to realasize that Toni has been terrible at managing her finances for a long time. She was having financial problems back when her sister had their own singing group. Toni has made the money she just is not wise in her spending. She has been sued by stylist,designers, banks and everybody else. Manage your money better sweetheart.

  • The fwesh pwince

    @ enkogkneegro

    Don’t you got grandkids to tell stories about “back in the day” to?

  • Teici

    The writer for this piece has no compassion. Just because she’s a celebrity, she can’t have hard times? Just pray it never happens to you.

  • The Official Mrs. Carter

    One would think that she would have learned everything there is to know about financial management after the first bankruptcy…SMH!! I guess somethings arent as important to some as it is to others…Hope all ends well Ms. Toni.

  • white male

    Nice booger!

  • tg

    You guys could have used a different picture of her. This pix is old and no one wants to see her with a dirty nose. Come on

  • http://Bossip Bliss

    I DON’T GIVE A FIGG ABOUT WHAT SHE’S GOING THROUGH SHE CAN STILL BUY TISSUE. THAT SNOT IN HER NOSE IS A SHAME.

  • JUJU

    I thought they were gonna talk about the booger in her nose…………OMG……..yuk….LMAO

  • Hannibals Dad

    Damn Toni, time to pull a Jamie Foxworth !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • SEXII MAMA

    ewwww i see boogies, its not like u have to look hard.

  • Court

    I usually never post, but I think this is a horrible story. She has an autistic child and has had health problems herself, preventing her from performing. Anyone in that same situation would have financial problems.. and let’s not forget, it has been a while since she had an album out.

  • Jamillah

    The reason Toni is broke, is because she’s married to man who hasn’t worked in years. She seems to forget that you can do bad all by yourself.

  • Well Alright…….

    DOES ANYONE REMEMBER WHEN TONI BRAXTON WAS ON OPRAH, AND CLAIMED THAT OUT OF HER BANKRUPTCY SHE LEARNED TO “SIGN THE CHECKS”. WELL…….
    In 1998, Braxton filed for Chapter 7 bankruptcy protection from a reported $3.9 million debt. All of her personal household possessions were tagged and marked for sale to pay off her creditors, including her prestigious awards. The humiliating and highly publicized bankruptcy taught her a lesson, she says. In the middle of the bankruptcy proceedings, Braxton was able to pursue her acting dreams when she was offered the role of “Belle” in Disney’s musical, Beauty and the Beast, a role she played on Broadway beginning September 1998. She replaced Kim Huber and remained with the show through February 1999 where she was then replaced by Andrea McArdle. Braxton was the first African American woman to play a Disney character leading role on Broadway.

  • http://www.bossip.com MoniSings

    This is sad, but it can’t be blamed on bad music contracts. This is purely a case of someone living beyond their means. You can have a modest income, but still invest in a financial planner to assist with keeping your finances in order if you know that your budget is limited. I think Toni got caught up early-on in a certain lifestyle, and simply didn’t do her homework when it came to understanding her fiscal limitations. I also think that Toni just made a lot of moves that weren’t very smart, and now she’s paying for them. She’s also had a lot of health problems and we all know the plight and costs of private health care in this country. I don’t know what goes on in her marriage and it’s none of my business, but one would think that if she’s married to MC’s producer, he could step up and be a man about it.

    Anyway, good luck, Toni. You got those kids and I hope you can work it out. Vegas won’t last forever, so looks like you need to formulate a new strategy – starting with a strong financial consultation….STAT!

  • Well Alright…….

    How can Toni Braxton be broke, when in 2007 she had a Vegas deal worth $17M?!!

  • gemini62065

    uuuggghhh…i hate this picture…smdh!

  • ATL AINT THE SOUTH

    FIRST OFF, JUSTIN, YOU ARE AN IDIOT…THE WRITE OFFS YOU ARE REFERRING TO COME FROM THE ANNUAL TAXES THAT ONE PAYS ON THEIR HOME, PAID FOR OR NOT…IT MAKES NO SENSE TO HAVE MILLIONS, AT SOME POINT AND GET A HOME MORTGAGE..SECONDLY, ANYONE WHO HAS FOLLOWED THIS YOUNG WOMAN’S CAREER KNOWS THAT SHE WAS BROKE AND THAT PRODUCER SHE MARRIED, K.L., LITTERALLY SAVED HER BROKE ASS… FURTHER DID ANYONE EVER SEE THE REALITY SERIES SHE DID BACK IN 2000? IT WAS WHEN SHE WAS PREGNANT WITH HER SECOND SON, DIESEL. EVEN ON THAT SHOW, HER HUSBAND WAS TELLING HER HOW SHE IS LIVING ABOVE HER MEANS AND HOW HE WASNT GOING TO PUT HER UP IN A $10K PER NIGHT HOTEL WHILE SHE WAS DOING BROADWAY…ANYTIME A CELEB ENDS UP PERFORMING IN VEGAS, YOU KNOW THEY ARE DESPERATE AND BROKE…BEFORE SHE GOT MARRIED, TONI BOPPED AROUND THE NFL AND THE NBA…SHE CAME TO DALLAS AND STARTED MAJOR SHITZ IN THE DALLAS MAVERICKS LOCKER ROOM WITH JASON KIDD AND HIS TEAM MATES…SHE WAS PISSED THAT HER LABEL BASICALLY FORCED HER TO SIT DOWN BECAUSE BEYONCE AND BEYONCE TYPES HAD HIT THE SCENE…THIS IS A CLASSIC CASE OF JUST LIVING ABOVE YOUR MEANS, MONEY MIS-MANAGEMENT, ETC. I FEEL BAD FOR K.L. HE MARRIED HER WHEN SHE WAS VIRTUALLY BROKE AND IT LOOKS LIKE SHE IS GOING TO BREAK HIM TOO!

  • Its6amHoGetOut Resident Genius, Gynecologist, Motivational speaker and the best friend a deep south progressive black family could ever have!

    maybe Toni can sell boogers to the boogerless!

  • statim08

    Poor Toni in so many ways. Hasn’t had an album in years (and the last one was a flop), denegrated herself to a Vegas nightclub act (and she weren’t hardly singing, mainly doing some provocative dancing for the old geezers in the audience), married a loser who can’t manage the finances, and she can’t keep her nose clean. Can I hear meltdown next?

  • ARTOFWAR

    @@@… jusdon’tgetit YOU STATED:

    Why do celebs have mortgages? Just pay for the damn thing.
    ————————————
    There are a few reasons.
    The first reason is a good reason.
    By mortgaging the property you get to off set your capital gains tax against the interest cost of your mortgage. Not to mention the interest that the bank will pay you just to keep your money with them. Often times if you have enough money in the bank, the interest alone will pay for your monthly mortgage.

    This way you can pay off your mortgage without ever having to touch your principle savings.
    It’s never a good idea to buy a home cash even if you can afford to.

    However you must not tap into your principle savings, only for crucial emergencies.
    This does not include cars, yachts, and planes. These things you buy with current incoming cash flows, not money in your savings accounts.

    However celebrities in there forever quest to keep up with the Joneses often make purchases with their eyes, and not necessarily with what they can truly afford. This also has some association with the allusion that if you are making $20,000,000 a year you will always be making that amount.

    As a celebrity you have to realize that there is a small window of opportunity when you will be raking in your maximum lifetime earning potential. Top Line, or Q rating is what it’s sometimes called.
    In other words on Monday you may be the hottest thing on earth, and on Tuesday you may be as cold as the North Pole.

    Many celebrities lose sight of this fact therefore at the end of their maximum earning potential or earnings if any, they find themselves broke without a joke to tell.

    Toni Braxton is just one of the many, many celebrities that will find themselves in the same boat within the next few years.
    Sad, but true.

    Getting rich in America is easy. However staying rich in American, is an entirely different animal.

    Financial knowledge is the key.
    know your money, or your money will stop knowing you….ARTOFWAR

  • FatJoe

    I don’t blame Toni. The home probably isn’t worth what she paid for it. She won’t recoup her money if she sells it.
    The SMaRt thing to do, is cut your losses while you can.

  • Justin

    asds

    I am willing to bet, Justin reads a lot, but doesnt own shit. Justin spit that “financial advice” like we all needed to know how to be homeless. what a laugh

    Actually, I feel you on money management because that what it comes down to. I’m not talking about cats on here but just brought out the discussion on why celebs don’t buy homes in cash regardless of how much money they make. The need to have a tax write off with the funds they make. On another note, I own 2 small businesses and a home. That’s real talk!

  • http://www.boissuq.com/ Keli

    That picture is not a good look!

    Is that a “monster” in her nose?

    And I yet to understand why celebs insist on having hellacious mortgages…could have bought a couple sensible homes…paid in full.

  • CVT

    i don’t beleive it

  • honeychild

    WTF come’ on she got a damn booger in her nose.

    Somebody needs to get those spiders off her eyes

    this must be a halloween preview.

  • bococalady

    what about her husband kerry? why isnt he working? dont they have a handicapped child? he should be out there working his butt off.

  • http://Myhoodclothing.com MHC2009

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  • statim08

    C’mon now, a booger is a booger. We all got them, but it’s only when you’re in front of the cameras all blinged out that you should really do a mirror check before that everlasting pic is platered all over the world.

  • Satin Doll

    @Crunch Berry

    Isn’t that the truth?! I’m feelin’ you 100%!

  • asds

    thanks for clearing that up, Justin. ownership outright is whats up! pull those tax tricks on the 2nd or 3rd home

  • http://www.joetheplugger.com Manuel

    @enkogkneegro

    Chuurrrch!!!!
    take the shorty to school!!!!

  • The fwesh pwince™

    @ enkogkneegro

    You mad, pops?

  • http://undressingher.com undressingHER

    sorry to hear that. maybe she should downgrade her former lifestyle a bit

  • !!!!!R.IP MIKE!!!!!

    GOOD LUCK TONI.

  • Old School

    Sorry about the typo, I meant “triflin”.

  • Jazz

    oops I meants it’s the part where in your nose there is a cartilage bridge sperating your nostrils.

  • Fashionized Diva

    lol that pic is funny….

  • http://www.bossip.com fabulous

    i see london i see france i see somebody needs to pick their boogie underpants.

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