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Toni Braxton Facing Foreclosure

October 14th, 2009 10:03am EDT Post a comment 7 comments Add to My News

Toni Braxton is facing the prospect of losing her home after she defaulted on her mortgage payments.

The singer owes more than $12,500 on her mansion in Century City, California and officials at the Bank of America are now looking to foreclose on the property, according to TMZ.com.

The news comes just a week after it was revealed that Braxton is facing a lawsuit from bosses at another financial institution, the City National Bank (CNB ), who claim the star owes them $900,000 in loan payments.

Braxton has been facing financial difficulties ever since she scrapped a series of Las Vegas concerts in 2008 when she was diagnosed with a heart problem. She is currently embroiled in a legal battle with her insurance company, after the firm refused to pay out on the axed shows.

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