Prince - Prince Settles 'Foreclosure Crisis'

A representative for Prince has confirmed the pop superstar has avoided foreclosure on his Minnesota estate by paying off his mortgage bill in full.
The Purple Rain hitmaker owns 20 acres of land in Chanhassen, Minnesota, where one of his many homes once stood before it was torn down in 2005.
The land reportedly fell into foreclosure after the star allegedly failed to keep up with mortgage payments and the local Carver County Sheriff's Office scheduled an auction to sell it off to pay the alleged $368,000 (£230,000) mortgage bill, according to Minneapolis' StarTribune. A foreclosure notice is said to have been posted in a local newspaper.
But a representative for Prince has now confirmed steps have been taken to resolve the situation, telling the StarTribune a "payment has been made" to the bank for the full amount "about four or five days ago".


Contactmusic

Tags: Prince


Advertisement

Editors Recommendations

Ok, So It's Official: 'Guardians of the Galaxy' Is Best Marvel Movie, Ever

Guardians of the Galaxy is still three weeks ago from hitting cinemas...

Ok, So It's Official: 'Guardians of the Galaxy' Is Best Marvel Movie, Ever

Toronto Film Festival Unveils Line-Up

David Cronenberg's new film Maps to the Stars which stunned critics at Cannes and features...

Toronto Film Festival Unveils Line-Up

Lucy - Luc Besson Featurette

The cast and crew of 'Lucy' - actors Scarlett Johansson, Morgan Freeman and Amr Waked, and producer...

Lucy Trailer

Comic-Con 2014 For TV Nerds: Five Unmissable Panels

It’s that time again! Time for Comic-Con to make life a little bit weirder – and better..

Comic-Con 2014 For TV Nerds: Five Unmissable Panels

Everything We Know So Far About ‘Downton Abbey’ Season 5

Everyone’s favourite period drama of manners, ‘Downton Abbey’ is heading back...

Everything We Know So Far About ‘Downton Abbey’ Season 5
Advertisement

Sam Smith Beaten By Lana Del Rey To Billboard No.1

Besides a promising musician, Sam Smith’s debut record has also shown him to...

Sam Smith Beaten By Lana Del Rey To Billboard No.1

What's Happening With 'Iron Man 4'? Robert Downey Jr. Too Pricey? Colin Farrell To Step In?

If you can be sure of one thing, it’s that Marvel will keep putting out...

What's Happening With 'Iron Man 4'? Robert Downey Jr. Too Pricey? Colin Farrell To Step In?

Latitude Gratitude: Damon Albarn is Thankful of "Brave" Festival

Damon Albarn isn’t exactly a stranger to playing in front of huge crowds at...

Latitude Gratitude: Damon Albarn is Thankful of


More recommendations

Advertisement

Comments

Prince Newsletter

Subscribe to this news alert service to receive news and reviews on Prince

Unsubscribe | Unsubscribe All