Todd Peterson
December 23, 2005 08:00 AM

A 100-year-old home in a historic area near Olympia, Wash., that was purchased by Courtney Love some eight years ago is about to slip through the troubled performer’s fingers.

The bungalow, built in 1903 by a lumber company magnate in what is now the all-but-extinct town of Bordeaux, is listed in the local historical inventory. Love, the widow of Kurt Cobain, reportedly purchased the house in 1997 for members of his family, according to the Associated Press.

But the rocker-actress stopped making payments in late 2003, and now owes about $367,000 on the property, which sits about 10 miles south of Olympia. Cobain’s sister, Kim, currently occupies the home, according to Thurston County sheriff’s records.

WMC Mortgage Corp., the mortgage holder, filed for foreclosure in October 2004. The lawsuit lists Love as a trustee of the Courtney Love family trust. Unless the debt is paid, including nearly $8,000 in back property taxes, the home will be put up for public auction on Jan. 6.

Love, 41, has been in and out of trouble – and drug rehab – in recent years, but her financial woes may be multiplying. In August the New York Post reported that the former Hole front woman was facing eviction from her Manhattan apartment for not paying her mortgage.

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