February 5, 2012

Britney Spears ex manager Lufti home possibly headed to foreclosure

Britney Spears ex manager Lufti home possibly headed to foreclosure
Hollywood stars such as Britney Spears often go in to foreclosure (to see a list and pictures click here), but this time around it is her manager who is in distress and not the former pop starlet herself. Her estranged manager, Sam Lufti, is reportedly facing foreclosure on his Californian home after allegedly running up more [...]

Hollywood stars such as Britney Spears often go in to foreclosure (to see a list and pictures click here), but this time around it is her manager who is in distress and not the former pop starlet herself.

Her estranged manager, Sam Lufti, is reportedly facing foreclosure on his Californian home after allegedly running up more than $18,000 in debt, according to TMZ.com.

In fact, a collection agency has placed a lien on the Los Angeles property in an effort to recoup the outstanding funds. And if Lufti does not cough up the cash sooner rather than later he could lose the home to foreclosure. He also allegedly owes a United States bank an undisclosed sum for unpaid credit card debt.

Lufti and Spears had a very public and unceremonious split, swapping legal papers and hurling accusations through the media. Spears recently had a restraining order placed on Lufti (and others) and he responded by suing her parents for defamation.

This whole situation sounds “toxic.”