Bossip Video

Bank Said Israel Houghton Owed $90K On Former Family Home

The new husband of “The Real’s” Adrienne Bailon has been let off the hook in the foreclosure of his former family home, BOSSIP has learned.

Israel Houghton has found a buyer for his mansion, and the home’s proposed sale price of $797,000 will absolve his nearly $90,000 debt on the place, according to public records.

Earlier this year, Deutsche Bank sued Houghton and ex Meleasa to foreclose their one-time family home in Harris County, Tx. Court, contending that the father of five hadn’t paid the mortgage in several months.

The bank said that despite notifying him several times about the missed mortgage payments, Houghton missed the deadline to pay the debts back on the home where he raised three kids. The bank asked for the family to be thrown out ASAP, according to court papers.

Israel Houghton performs during the BET Sunday Best ‘The King’s Men’ concert at AmericanAirlines Arena on
Miami, Florida – 30.09.12
Credit: Johnny Louis/WENN.com

In total, the bank said Houghton owed $89,111.54 from 11 times he was supposed to pay but failed to, according to court papers. In order for Houghton to fix the foreclosure, he’d have to cough up the total amount he owes on the mortgage: $608,654.17, according to court documents obtained by BOSSIP. The exes took out the home equity loan in 2006, and agreed an adjustable interest rate mortgage with initial monthly payments of $4,687, court documents state.

But late last month, the bank filed paperwork to “nonsuit” the Houghtons’ – which made them no longer responsible in the suit or for the mortgage debt. The home’s pending sale likely means that the bank will get its money and the Houghtons’ can walk away from the home.

The exes apparently agreed to the deal and a judge closed the case the same day.

The Mediterranean-style McMansion is located in a suburb of Houston and boasts 5,405 square feet, five bedrooms, five and a half bathrooms, a pool, a jacuzzi and overlooks Lake Houston.

Houghton, who married Adrienne in November 2016 in Paris, may be stretched for cash as of late. He was put on “indefinite leave” from his job with Joel Osteen after announcing the split with Meleasa on social media in 2015. And last year, BOSSIP revealed he was also supporting two young sons born out of wedlock.

We’ve reached out to Houghton for comment.

POPULAR STORIES

Comments

Bossip Comment Policy
Please read our Comment Policy before commenting.