Wow, this economic recession becomes more and more real every day, as news of the rich and famous falling on hard times losing homes, cars, and other royalties erupts. FOX News is reporting that American Idol Fantasia Barrino is losing her Charlotte, NC mansion and has put it up for auction as the result of not being able to afford taxes from 2006. The home, valuted at $1.1 million, will go on sale in January 2009.

Court documents show that Florida-based Broward Energy Partners agreed to pay more than $68,000 of Barrino’s taxes in October 2006. She repaid $10,000, but a judge later allowed the company to recover the full loan. It’s unclear why the home was chosen as compensation.

A company attorney didn’t return a message Tuesday, and Fantasia’s record label, J Records, had no comment.