Despite numerous property transfers to evade her creditors it appears Sheree is unable to hold onto the home and see it through to completion.
TamaraTattles reports that local real estate agents are declaring that the home will be “available for an immediate short sale for $340,000.” Allegedly “sealed bids” are now being taken for the property which has stood in a semi-completed (ok basically exterior walls) state since last year.
Despite the condition of the property, it’s in a great location but because of exposure to the elements, Tamara’s source classifies it as a possible “tear down” (real estate term for demolition, baby!). Reports reveal it has been “sitting in the rain wearing nothing but an expired Tyvek wrap” for months! Translation: no siding.
Currently there are two loans on the property according to sources. Sheree may attempt to buy the property back herself! She apparently has some sort of LLC paperwork in the works and the property was previously in the name of an alleged “shell corporation, BLU Management” (possibly owned by Sheree). The home was also briefly in her daughter’s name a couple of times.
As seen on “The Real Housewives of Atlanta” in 2012, Sheree discussed the home at length. NeNe Leakes said that it would never be finished and called the home “never-land”. This is the second foreclosure for Sheree who got evicted from the former Atlanta mansion featured on RHOA when Sheree was first featured on the hit series. She didn’t get her seven figure settlement, but she did get a repossesed Aston Martin.