OOOPS En-Vogue Former Singer Maxine Jones Home is in FORECLOSURE!
According to theJasmineBRAND Maxine Jones – one of the original members of En Vogue – is having some serious financial challenges. The bank who owns her home is demanding the court allow them to foreclose on her property following her refusing to pay her mortgage.
Jones reportedly filed for Chapter 7 bankruptcy on December 18th in Virgina Federal Court. The singer explains that she has $298,900 in debt and only $172k in assets.
The docs explained that she only has $50 in her checking acct., $4,030.00 in household items, $200 in clothes, 2008 Toyota Scion worth $9k.
Reportedly, her debts include $212k on her Virginia home, $32k in a judgement against her won by a private school, $2k in Virginia State taxes, $800 in unpaid telephone bills, $17k owed to her attorney, over $1k in medical bills, $22k in California State taxes, $440 to T-Mobile, $539 to Victoria’s Secret and many other amounts owed to creditors
According to the docs, Jones brings home nothing from her music royalties and her only income is from rental properties & that brings her in $3,473 a month. Her monthly expenses are $4,110 which leaves her in the hole $636 a month.
On December 22nd, the bank which owns her Virgina home filed docs in the case. They explain that Jones took out a $215k loan with them back in 2006 to purchase her Palmyra, Virgina property.
They claim that as of this month, Jones owes a total of $208,025.13 on the note and it continues to grow with interest. The bank says that the singer was to continue making her mortgage payments on the note even after she filed for bankruptcy … in the amount of $2,052 a month. They reportedly accuse Jones of missing payments for October and November.
The bank says she is now in default on her mortgage and they are demanding the court allow them to foreclose on the property due to her non-payments stating the home is only worth an estimated $158k at this time.
The judge has yet to make a decision on the bank’s motion. See the exclusive court docs.
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