January 12, 2009 01:00 PM by Paulene Hinds
American Idol third season winner, Fantasia Barrino agreed over the weekend to settle her debt with a Florida creditor to prevent her $1.3 million home from being auctioned off today. The 24-year-old singer owes the Florida company $65,000 that she borrowed in 2006 to pay back taxes she owed the IRS.
“Assuming the promised payments all get paid as indicated, we will be satisfied,” said Larry Goldman, the lawyer representing creditor Broward Energy Partners. “I didn’t want to take her house.”
Fantasia Barrino had made a $10,000 payment in August 2007, but failed to pay the rest, so the company won the right in court to auction off her home for the balance.
She has agreed to make payments over the course of several months, Larry Goldman said. “Reading between the lines, I’m assuming the money is not there or, at least, it’s not there in the short-term,” he told The Post. “My client just wants to be paid.”
The auction set for today has been canceled as a result of the settlement agreement, but Fantasia Barrino could still possibly lose her home in a future auction if the settlement is not completed.
This is the second time that American Idol starlette,Fantasia Barrino has found herself about to lose her home. In 2005, she nearly lost another home she owns in Charlotte to foreclosure when she had failed to make payments as promised and only resolved the matter after being sued,court documents state.
According to tax records, the singer still owes $14,678 for last year’s property taxes on her two-story golf-community home that was to be auctioned.
Calls to Fantasia Barrino’s managers have yet to be retuned.
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