Prince Settles 'Foreclosure Crisis'


Prince


A representative for Prince has confirmed the pop superstar has avoided foreclosure on his Minnesota estate by paying off his mortgage bill in full.

The "Purple Rain" hitmaker, Prince owns 20 acres of land in Chanhassen, Minnesota, where one of his many homes once stood before it was torn down in 2005.

The land reportedly fell into foreclosure after the star allegedly failed to keep up with mortgage payments and the local Carver County Sheriff's Office scheduled an auction to sell it off to pay the alleged $368,000 (GBP230,000) mortgage bill, according to Minneapolis' StarTribune. A foreclosure notice is said to have been posted in a local newspaper.

But a representative for Prince has now confirmed steps have been taken to resolve the situation, telling the StarTribune a "payment has been made" to the bank for the full amount "about four or five days ago".

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. 'Spider-Man' Star Tom Holland Has a Secret Role in 'A Monster Calls'. Get the Details!
  2. North West Serves as Flower Girl at a Wedding and Dances Adorably at the Party
  3. Lady GaGa Reportedly Gives Bradley Cooper Unwanted Sexual Attention
  4. Exes Demi Lovato and Joe Jonas Trapped in Elevator for Four Hours. Was It Awkward?
  5. Did Faith Evans Just Expose Her Vagina in Front of the Crowd? See the Evidence!
  6. Orlando Bloom and Malin Akerman Have Steamy Threesome on Netflix's 'Easy'
  7. Jimmy Fallon Tries Out for 'Live! with Kelly' Co-Host. See If He and Kelly Ripa Make Great Duo
  8. Mariah Carey Wears No Underwear in Sheer White Dress During Romantic Getaway With Fiance
  9. Brad Pitt and Angelina Jolie Do Have a Pre-Nup. So, Who's the Big Winner?
  10. Gigi Hadid Exposes Entire Boobs in Sheer Dress While Walking Runway in Milan

CELEBS PHOTO