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Monday, August 6

T Boz Finally Unloads Georgia Mansion - 1/2 Price!

If you're looking purchase a home, Atlanta is definitely the place to do that these days as home prices have dropped nearly in half over the past few years. I personally know people who bought homes in the Atlanta area for $300,000 five years ago, and now those properties are going for $160K... if you have some coins and you're looking to live large - ATL is the new place to be.
Ask TLC member T-Boz Loretta, who has finally sold the Georgia mansion she nearly lost to foreclosure a few years back, but she sold it for nearly half what she paid for it.

The TLC singer almost lost her home in 2008 when she failed to make the mortgage payments on time ... but was able to keep it from going on the auction block. She eventually filed for bankruptcy in 2011, with the mortgage on her home being her main debt.

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Now the house is no longer a problem ... she sold it for $680,000, a far cry from the $1,122,700 price she purchased it for back in 2001.

2 comments:

  1. U must think ahead & live w/in your means.

    A visit to Hotlanta is enough for me dont want to stay there.

    ReplyDelete
  2. Im going to miss running into T-Boz at Kroger. I wonder if shes buying or brought another more reasonable home in the area...

    ReplyDelete

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