Let’s take a break from the American Idol 8 auditions for the moment and see what else is going on in Idol news. One of the stories that has caught my eye recently is the drama going on with Fantasia Barrino’s finances. She’s got housing woes at the moment, as she was rumored to have had one of her houses almost go up for auction, having been singled out for foreclosure. But by some stroke of luck, the house somehow eventually escaped the clutches of her mortgage lender.
With all its twists and turns, her story seems to be headed for a happy ending, at least for now; unlike those Extreme Makeover Home Edition foreclosure stories I’ve read and written about.
Wait a sec. Did I just reference “one of her houses?” Yes, she actually owns more than one home in Charlotte, North Carolina, despite the fact that this one in question and unpaid for is sized up to be worth $1.3 million, with 6 bedrooms sitting on a grand 6,232 square feet.
Well, Fantasia managed to rescue her abode by reaching some kind of agreement with her lender. But it doesn’t change the fact that the Season 3 Idol winner is behind $65,000 on payments on her massive mansion.
As mentioned, Fantasia also has at least one other house — a $740,000 4,500 square foot home in the same area, along with a $240,000 Mercedes, both of which she almost lost but somehow didn’t (in years past), as she worked something out with the courts. Please don’t tell me she needed a housing assistance program to work out her problems!
What’s amazing to me is how she can own so much stuff so fast. In the entertainment world, fame and fortunes are fleeting and it would serve her well to hold back on the spending a little, to cut down on such conspicuous consumption and save for her family’s future. But you know how human nature works, once you get hold of sudden wealth, all bets are sure to be off!
Now if you really want to see how Fantasia is faring, relative to her other Idol winner counterparts, do check out this interesting TMZ video (if it chokes when you try to watch it, just reload the page).
With all its twists and turns, her story seems to be headed for a happy ending, at least for now; unlike those Extreme Makeover Home Edition foreclosure stories I’ve read and written about.
Wait a sec. Did I just reference “one of her houses?” Yes, she actually owns more than one home in Charlotte, North Carolina, despite the fact that this one in question and unpaid for is sized up to be worth $1.3 million, with 6 bedrooms sitting on a grand 6,232 square feet.
Well, Fantasia managed to rescue her abode by reaching some kind of agreement with her lender. But it doesn’t change the fact that the Season 3 Idol winner is behind $65,000 on payments on her massive mansion.
As mentioned, Fantasia also has at least one other house — a $740,000 4,500 square foot home in the same area, along with a $240,000 Mercedes, both of which she almost lost but somehow didn’t (in years past), as she worked something out with the courts. Please don’t tell me she needed a housing assistance program to work out her problems!
What’s amazing to me is how she can own so much stuff so fast. In the entertainment world, fame and fortunes are fleeting and it would serve her well to hold back on the spending a little, to cut down on such conspicuous consumption and save for her family’s future. But you know how human nature works, once you get hold of sudden wealth, all bets are sure to be off!
Now if you really want to see how Fantasia is faring, relative to her other Idol winner counterparts, do check out this interesting TMZ video (if it chokes when you try to watch it, just reload the page).
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