Fantasia Barrino Strikes Deal to Save $1.3 Million Home

Us Magazine - January 12, 2009 6:59 AM PST
Story photo: Fantasia Barrino Strikes Deal to Save $1.3 Million HomeFantasia Barrino attends the Trevor Project's 11th annual "Cracked Xmas" fundraising benefit on December 7, 2008 in Los Angeles, California.Us Magazine
Fantasia Barrino is no longer facing foreclosure on her $1.3 million home, attorneys for the American Idol winner have announced.

An auction of the six bedroom, 6,232-square-foot mansion in Charlotte, North Carolina was scheduled to take place Monday -- but the American Idol winner struck a deal with her Florida-based creditors to keep her home for now. She could still lose it at a future auction if a settlement is not reached.

"Assuming the promised payments all get paid as indicated, we will be satisfied," Larry Goldman, the lawyer representing lender Broward Energy Partners, told the New York Post. "I didn't want to take her house."

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The 24-year-old still owes $65,000 -- money she borrowed in 2006 to pay back taxes to the IRS. Her last payment of $10,000 was made in August 2007.

Barrino has agreed to a repayment plan, but the creditor's lawyer didn't release details.

"Reading between the lines, I'm assuming the money is not there or, at least, it's not there in the short-term," Goldman told the Post. "My client just wants to be paid."

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This isn't the first time the 2004 Idol champ has faced foreclosure. In 2005, she nearly lost a 4,500-square-foot home in the same neighborhood. plus a $240,000 Mercedes. Both matters were resolved in court, although tax records show she owes $14,678 for that residence.

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Barrino is mom to 7-year-old daughter Zion, whom she gave birth to when she was 16 years old. Her duet with Jennifer Hudson "I'm His Only Woman" is up for a Grammy next month, and her MySpace page says her next album is coming out this year.

The season-four winner's lawyers and manager did not return calls to the Post.


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comments 1-10 of 48  |< newest · < newer · older > · oldest >|  hide comments · post a comment
  • cuttie
    HEY F.B. YOU ARE ONE OF THE GREAT SINGERS TAKE YOUR TIME .MAKE YOUR MONEY. AND TAKE CARE OF THE THINGS THAT NEED TO BE TAKEN CARE OF. AND DON'T LET THE MONEY MAKE YOU.GET IT TOGETHER.
    report abuseposted February 28, 2009 4:32 PM PST
  • dana1p
    I think she's a great singer, but has just mad some bad decisions. I pray that she will learn from her mistakes and she will learn to budget her money better. Sing on Fantasia you have many fans that love you!!!!!!
    report abuseposted February 8, 2009 5:13 PM PST
  • chocolate_cherry0561
    If she don't have the money,she needs 2 let that house go,and keep the 1 she can afford,the $700,000 house. You only need 1 house,plus she's not doing all that great 2 have that kinda house. Both of her albulms didn't sell well,she half did the Color Purple on Broadway,she didn't perform at alot of the shows,i guess it was 2much 4 her. U GOTTA MAKE MONEY 2 KEEP MONE
    report abuseposted January 19, 2009 9:11 PM PST
  • NMJ
    Personally I hope everything works out for her. She has been such a huge inspiration to me. No one is exempt from making mastakes. You live and you learn. Hang in there Tasia.
    report abuseposted January 16, 2009 1:14 PM PST
  • Treasure M
    This is for The Realist that is not how you spell ghetto you dumb %@!*#!!!
    report abuseposted January 14, 2009 10:07 PM PST
  • Meka
    LOOKS LIKE SHE BIT OFF MORE THAN SHE COULD CHEW...
    report abuseposted January 14, 2009 6:43 AM PST
  • Janie S
    What an idiot.
    report abuseposted January 14, 2009 6:08 AM PST
  • Westerner
    Dumbass.
    report abuseposted January 13, 2009 7:39 PM PST
  • pghpa3
    Excuse me ppl!! How could you assume she bought the mercedes? Could have been a gift from the company! Wtf Read things with an open mind not a closed one! Then you wonder why the world is in the shape its in........ Assuming! Well anyway GO Steelers!!!!
    report abuseposted January 13, 2009 9:41 AM PST
  • starwatch
    Some people just don't know how to handle a "nouvellement riche" lifestyle. So sad. She really has a talented voice.
    report abuseposted January 12, 2009 4:52 PM PST
comments 1-10 of 48  |< newest · < newer · older > · oldest >| 

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