Tuesday, April 30, 2013

Tuesday Catch Up: Fantasia Barrino

She may have rocketed to fame as the winner of the third season of American Idol but fortune seems to have eluded three time Grammy nominee Fantasia Barrino who, bless her real estate heart, seems to have (yet again) run into a bit of a squeezy financial situation. Celebrity gossip juggernaut TMZ recently snitched that in an effort to avoid an ugly and protracted tangle with foreclosure Miz Barrino has voluntarily handed the keys to her approximately 6,5000 square foot residence in the upscale Glynmoor Lakes development in Charlotte, NC back to the bank.

Property records show Miz Barrino acquired the six bedroom and 5.5 bathroom pond-front mini-mansion of vexatiously indeterminate architectural style in March 2007 for $1.3 million.*

The last ditch effort to divest her property portfolio of this particular house is by far not Miz Barrino's first effort to deal with this unfortunate situation. In December 2008 foreclosure proceedings were initiated over an unpaid $58,000 loan Miz Barrino had previously (and reportedly) secured to pay taxes. Now, children, ain't that the very definition of robbing Peter to pay Paul? Let this be a lesson, kittens.

Anyhoo, Miz Barrino also attempted to sell the property last year for $800,000 but, alas, it went unsold and, well, here we are.

Property records show Miz Barrino also owns a smaller, 4,600-ish square foot residence less than a mile away as the crow flies but 2.4 miles by car in the Piper Glen Estates community. She bought the four bedroom and 3.5 bathroom abode in August 2004 for $740,000. As far as we can tell, this house is not currently for sale and is not subject to foreclosure.

*Some reports and other digital resources show the house has 5 bedrooms and 4.5 bathrooms.

photos: Google

13 comments:

Anonymous said...

A mars red cl65 that cost roughly 1/3 of what the house did.
Hmm...wonder why she's broke.

Anonymous said...

Ah Jesus. No abacus here. Sorry, not 1/3

Anonymous said...

The neighbors are happy!

Anonymous said...

Why are the neighbors happy? Is it getting demolished?
Haha

ParkAvenueGrinch said...

Good GAWD - who "designs" these things??? Surely they have no connection to Architecture.

The front columns look as if they are about to snap under the weight of the roof/tower/portico thing.

Or perhaps it is just the weight of new money and blindingly bad taste that is crippling their structural integrity.

One can only hope that it really is some sort of rocket propelled nose-cone awaiting lift-off orders from NASA and the columns are really only temporary structures.

Surely the rest of the house is only temporary...

Fantasia IS talented, but as her short-lived reality show proved - she is the victim of bad advice, weak managment, predatory Industry Suits and a family that has no qualms about bleeding her dry.

I can only IMAGINE the look on the banker's face when the keys were handed over and he/she realized that, YES - the bank really DOES now own this heap...

Anonymous said...

Haha they were like 'damn bitch, all these overdue loans and you still ain't got no furniture in this house?'

sandpiper said...


Only watched American Idol to see Steven Tyler.

I don't know who she is but wish her the best. She'll get past this all the wiser. Youth and talent are on her side.

Anonymous said...

who???????

Anonymous said...

That needs to be demolished ASAP.

9:58, how do you know it is a 65, could be a 55 or a 500 with AMG kit. Either way it is old. Also a 65 costs $200,000 and the house cost $1.3 million, that is 15% of the value of the home, not 33%, your math is a little off.

Rosco Mare said...

I wonder if her name influenced this situation. I mean, Disney's "Fantasia" was a talented effort, and it, too, was a hard sell.

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Anonymous said...

When she was on MTV cribs she showed off the car after she showed off her empty ass house.

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