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T Boz is the latest celeb victim of Foreclosure.  

Former TLC singer, T-Boz, is another victim of the sad state of the housing market. She too has is reportedly losing her home.

According to TMZ, the 10,000-sq. ft. Georgia home of T-Boz (real name: Tionne Watkins) is set to go on the auction block in January 2009, after failing to make her mortgage payments.

Public records indicate that the singer has defaulted on the original principal of her mortgage, which is reportedly around $530,000, and now the state has taken it.

T-Boz is not the first of a long list of celebrities who can’t make their house payments.

Following news of Ed McMahon who got bailed out by Donald Trump when he was in a crunch, also the likes of hip-hop mogul Damon Dash, and most recently “American Idol” winner Fantasia, are among celebs who lost their homes to foreclosure.

 Dang girl, didn’t you try the Hope for Homeowners Hotline?

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Yes Him Too

D@mn, the foreclosure bug has bit Wyclef Jean in the azz.   Seems like the recession is hitting up the stars as well. 

Proving that foreclosures spare no one, a Miami Beach property owned by hip-hopper Wyclef Jean is about to be auctioned on the proverbial courthouse steps, according to court records.

Through a corporation he owns with friends, the former guitarist of The Fugees borrowed $2 million from Home Equity Mortgage Corp. in 2004.

He wanted to rebuild a canal-front home next door to Kennedy clan stalwart Anthony Shriver, Maria’s little brother.

But a series of construction liens filed since then shows the Pine Tree Drive project was burdened by a heap of financial trouble.

This is why you don’t do business with friends or family.   We know it wasn’t you Wyclef…

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Halloween is gonna suck this year!!!

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