Thursday, November 16, 2006

And IIIIIII E IIIIII Will Always Love you!

Whitney Houston faces foreclosure

NEWARK, New Jersey (AP) -- 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 and taxes have not been paid this year, according to reports published Wednesday.

The January 4 sale was scheduled Tuesday by the Morris County Sheriff's Office, the Daily Record of Parsippany reported. The service agent for Chevy Chase Bank, the mortgage holder, sued Houston in June.

Houston's estate comprises two lots, and the sale would be of the lot assessed at $889,300. The adjacent lot is valued at more than $5.6 million, the Daily Record reported. Houston, 43, bought the properties in 1987 for $2.7 million.

Mendham Township is owed about $83,000 in property taxes this year on the 10-acre estate, officials told The Star-Ledger of Newark. The township sent notices after each quarterly deadline was missed, the assessor's office said. The most recent payment was due November 1.

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