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Prince Has 20 Acres In Foreclosure

| Filed under: Legal MattersEtc.Prince

Prince To Lose Property To Auction

Bummer, Prince!

In Chanhassen, Prince's one time home and 20 acres of land is in foreclosure, and it'll be auctioned off really soon unless he pays off the $386k he owes on the mortgage!

The auction is set for May 13th, but the singer still has time to reclaim it if he pays the debts. There is no word on whether or not he will, or just let it go to auction.

Here's a small bit about the property:

The land, where Prince had a home until it was razed in late 2005, is valued at $1.15 million, according to county records. That's down from more than $1.5 million just a year earlier. Prince bought the property in 1994 for $605,000.

An undated aerial photo of the property on the Carver County property information web page shows little more than a tennis court and a small building near the driveway entrance on Galpin Boulevard.

Prince, we hope the tour is going well! Isn't there a little extra scratch from that? Maybe a bit of it that could go towards settling debts so you don't have to lose property??

Just sayin'!

[Image via WENN.]

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4 comments to “Prince Has 20 Acres In Foreclosure”

  1. 1

    Reread this post please. It makes no sense. Corrections needed. Thank You.

  2. 2

    Re: buggadaboo – No shit, I was thinking the same thing. I haven't been on this site in a while because I'm so tired of Perez' BS. Send your fucking minions who write this dribble to an English class!!

  3. 3

    Maybe he just doesn't want it anymore…

  4. 4

    He abandoned & razed that beautiful home, right b4 he moved 2 LA & rented out the Beverly Park mansion here in LA 4 more than $70.000 G's a month…..He has the money. Just when he is through with something he really is through with it…