Kelly Rowland Condo In Danger Of Foreclosure

$1.9 Million Condo Now Worth $1.3 Million

December 16. 2008

Kelly Rowland

According to website Media Take Out, Kelly Rowland of Destinys Child, is facing the potential foreclosure of her Miami condo.

She purchased the property for $1.9 million dollars, which means if done on a mortgage, her payments could be between $8,000 to $10,000 per month. Due to the slump in the property market, the unit is now worth $600,000 less, now valued at $1.3 million.

The property has reportedly been on the market for a year and remains unsold. This has happened to a lot of people. It is understandable that she would want to unload it, as her last album flopped terribly. With Beyonce's career on the decline and her film Cadillac Records bombing, a Destinys Child reunion may not be that lucrative either.

FORECLOSURE???? INSIDER CLAIMS KELLY ROWLAND CAN'T SELL HER MIAMI CONDO ... UNLESS SHE TAKES A $500K LOSS

December 16, 2008. Will R&B singer Kelly Rowland be the next person to fall victim to the housing bubble? MediaTakeOut.com has learned that R&B singer Kelly Rowland has been desperately trying to unload her Miami condo for close to a year - and now she faces a tough decision - take a $500K LOSS or let the bank foreclose!!! ..

You see, Kelly bought the condo in 2005 for $1.9M. But now ... it's worth as little as $1.3 Million...

http://www.mediatakeout.com