December 10, 2008 @ 11:58 am

Recession Boogeyman Visits Fantasia

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Singer loses home and defaults on loan

Ask Scott Storch and Damon Dash: the recession boogeyman is on the prowl. Most recently, it paid a visit to Fantasia Barrino, who has lost one of her homes and is accused of defaulting on a loan intended to pay back taxes.

According to New York Post, one of the singer’s homes in North Carolina will be put up for auction. The six-bedroom, $1.3 million stucco mansion is set to be auctioned off January 12.

The singer has also took out a $58,000 loan to pay her taxes, but defaulted.

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