I'm addicted to American Idol. That's right, I said it. Since the popular reality talent show first debuted in 2002, I have watched each choreographed moved and every off- pitch note religiously. And thanks to my ever growing collection of US and People magazines, I have faithfully followed the contestants as they transitioned from their small-town lives into reality- star limelight. So you can imagine my disappointment when the blogosphere and gossip columns were blowing up this week with news that season three Idol winner, Fantasia Barrino, is the latest celebrity to have a home fall prey to the foreclosure epidemic. Fantasia is facing foreclosure on her home at 5500 Bevington Pl. in Charlotte, NC, according to several news sources.

I'm addicted to American Idol. That's right, I said it. Since the popular reality talent show first debuted in 2002, I have watched each choreographed moved and every off- pitch note religiously. And thanks to my ever growing collection of US and People magazines, I have faithfully followed the contestants as they transitioned from their small-town lives into reality- star limelight. So you can imagine my disappointment when the blogosphere and gossip columns were blowing up this week with news that season three Idol winner, Fantasia Barrino, is the latest celebrity to have a home fall prey to the foreclosure epidemic. Fantasia is facing foreclosure on her home at 5500 Bevington Pl. in Charlotte, NC, according to several news sources.

 View Image of Fantasia's Home in Foreclosure

The New York Post reported that the gargantuan 6-bedroom, 6,500-square-foot house - which Fantasia bought last year for $1.3 million - will be auctioned off Jan. 12. The two-story stucco home is located in one of Charlotte's ritziest neighborhoods on a golf course. Currently valued at $1.1 million, the home boasts a large arched wooden front door and is decorated throughout with exotic art and a duel sweeping staircase greets visitors in its front hall, reports the Post. The singer also has a second home a couple miles from the one scheduled for auction in Charlotte, that was purchased in July 2004 for $740,000. Records show the second home is not in financial trouble.

The former Idol winner is accused of defaulting on a $68,000 loan from Florida-based Broward Energy Management, according to court papers. The company allegedly loaned Fantasia the money to pay back-taxes she reportedly owed the IRS. Fantasia has repaid $10,000 of the loan, according to the court documents. The Post reported that "Fantasia took a $1-million mortgage on the property in Charlotte from the Bank of America.

With an autobiography appropriately titled "Life is Not a Fairy Tale," looks like Fantasia has a new chapter to add to her saga.


Got hot local housing tips or a story you want to share? Contact Amy Le at openingdoorsblog@homescape.com.

 
Post is included in group: Addicted to Active Rain
Post is included in group: Almost Anything Goes
Post is included in group: Dedicated Bloggers
Post is included in group: Posts to Localism
Post is included in group: The Lounge at Active Rain

7 Comments on American Idol Fantasia Barrino Home In Foreclosure

DEC
12
302,454 Points 4 Featured Posts

Hi Amy:

I watch the show also...

I hadn't heard about Fantasia's home...unbelievable!

12:07pm • #1
354,275 Points 22 Featured Posts Localism Sponsor Outside Blog

Wow...never watched the show.  That's all I need is one more addiction, but if it can happen to Ed McMahon, why not her as well?  Too bad.

12:22pm • #2

Amy, so sorry to hear that for her. No one seems to be immune from the problems we are facing now in the country.

 

12:55pm • #3
DEC
17

Larry, you don't know what you're missing out with American Idol. It's the best.

 

Amy Le
11:11am • #4
JAN
05

I saw your blog posting about Fanstasia Barrino's foreclosed property. We offer a great tool to help you in competitive REO listings. www.foreclosurefeedback.com . The Asset manager's can login and see all of the feedback on their REO properties, see what you are doing to market them and print reports to document the need for price reductions. Call in to sign up instead of online and tell them Rick said to give you the first 90 days for free to try it out at 858-270-1055 ext 113. If your competition doesn't offer this, you will definitely have a leg up on them. Good Selling!

Rick

1:19pm • #5
FEB
17
Localism Sponsor Hit Router

Not that i expect to ever have to take it into account, but I do wonder how one prices previous celebrity ownership in a property. Some day, I hope I have to do a quick study in the subject

11:14pm • #6
APR
29

Fantasia should join www.HelpMeSaveMyHouseRightNow.com! Its a social network that helps homeowners in foreclosure reach out to others in similar situations. Even though Fantasia's issue is larger than most, nonetheless, she has a story that others could learn from!

1:35am • #7

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Amy Le

Chicago, IL

More about me…

HomeFinder.com

Office Phone: (312) 601-5321

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find IL real estate agents and Chicago real estate on ActiveRain.