Struggling Chef Paula Deen Forced To Take $3.2 Million Loan Against Georgia Mansion
Oct. 31 2015, Updated 1:26 p.m. ET
Embattled chef Paula Deen has been trying her best to stage a comeback, but with the checks not rolling in like they used to, she has been forced to take out a loan against her home.
According to official records, Deen signed a security deed with Sun Trust bank, taking out a $3,261,000 loan against her Savannah, Georgia Mansion on August 17th.
Years ago, Deen was a celebrated figure in the culinary world, whipping up unhealthy, yet delightful treats for home audiences of the Food Network to replicate.
Then, Deen was slapped with a lawsuit for sexual and racial discrimination. When the transcripts were released in 2013, they revealed a much different side of Deen.
In the depositions, Deen admitted to using the n-word on several occasions. After she was cornered, she issued an apology for her crass words, however, it was too late to save her job at the Food Network --- she was fired.
Her work with the Food Network had been her bread and butter, earning her an estimated $10 million per year including endorsements.
After the scandal, her income reportedly dropped to half what she had been making before.
Recently, Deen began to stage her comeback by competing on Dancing With The Stars.
However, despite several "accidental" wardrobe malfunctions, audiences were not moved by her performance. She was sent packing in week 6.
Now, Deen is launching her own channel that is set to air on Roku.
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As RadarOnline.com has reported, Deen has done a lot of financial maneuvering in regards to her home since the scandal broke.
In January, Deen transferred ownership of the home to her husband, Michael Groover, "for and in consideration of her natural love and affection for her husband."
Later, the home, worth an estimated $5,082,692 was listed for sale.
