November 16, 2006 08:19:14 GMT
Whitney Houston's New Jersey mansion is slated to be sold at a sheriff's sale because she is more than $1 million behind on the mortgage.
Whitney Houston as yet make a comeback to music industry, but the actress is facing bankruptcy. Is she? Not that worse though.
The six-time Grammy winning singer will, sad to say, have her 10-acre New Jersey estate sold at a sheriff's sale on January 4th next year because she reportedly is more than $1 million behind on the mortgage and taxes have not been paid this year.
On that encounter, the attorney representing Mortgage Electronic Registration Systems, the service agent acting on behalf of the bank Houston owes money to, commented she doesn't think the singer's house is going to end up in a sheriff's sale.
On the other way around, Houston's publicist, Nancy Seltzertold told the Daily Record the property was not in foreclosure. A sale could, in fact, be averted if Houston reaches a settlement with the service agent.