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Courtney Love to auction off home
Dec 23, 2005, 12:58 GMT
Courtney Love is to auction off an historic home she bought eight years ago to pay off her mounting debts.
The troubled rocker - who has had a turbulent year battling drug addictions and has repeatedly landed herself in trouble with the law - bought the lavish bungalow for her family in 1997.
Love now owes around $367,000 on the property - which is located on 13 acres on land at the edge of Capitol Forest in Arkansas and was built in 1903 - and is set to auction it off in the New Year to cover the outstanding the loan on the home and any legal fees. The bungalow is currently being occupied by Cobain's sister, Kim, according to sheriff's records, according to America's New York Post. All monies raised from the sale will go directly to the WMC Mortgage Corp. of Los Angeles, which filed for foreclosure in the Superior Court this month. Earlier this week, it was reported Love wants to sell her rights to the Nirvana back catalogue because she is gong broke. The wild star is on the verge of bankruptcy and is hoping to cash in on the extensive collection of songs - which includes classic tracks 'Smells Like Teen Spirit', 'Come As You Are' and 'All Apologies'. According to a report in America's New York Post newspaper, Love is looking for $100 million for her rights to the music.Copyright 2005 BANG Media International
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