Whitney Houston is Flat Broke, Report Says[VIDEO]

It sounds like more bad news for troubled singer Whitney Houston.  Apparently, Whitney's finances have hit bottom.  According to RadarOnLine.com, she's broke.  The 48 year old singer-who has overcome a crack cocaine addiction- has allegedly spent all of her fortune, including... a reported $100 million record deal.

"Whitney’s fortune is gone,” the source said. “Music industry heavy hitters are supporting her and her label is fronting her cash against her next album, but no one knows when that will be released.”

The source goes on to say Whitney would be homeless if not for friends, one of whom she called recently to ask for $100.

No comment from Whitney or her people.

Here's a CBS News report about Whitney's bungled 2010 concert appearance in Australia...