Over the weekend it was revealed that Lil Kim’s $3 million dollar mansion and Juelz Santana’s condo is in Foreclosure!!!
Get the details on Lil Kim and Juelz Santa’s Homes in Foreclosure on the flip…
Lil Kim’s money woes continue and now Kim is on the verge of losing her mansion, valued at around $3 million, for failure to keep up with her monthly payments.
Yes, Kim has resided in Alpine, NJ since 2002, the same home that Chris Rock, Fabolous, Jay Z, Diddy, and many others have called home.
Court documents reveal that Kim has been on schedule to pay a monthly mortgage of $9,935 since she bought the property. HSBC Bank sued her in 2010 after she started to fall behind on payments. Now, she is due back in court with HSBC and its representatives in June after they failed to reach an agreement during March negotiations. HSBC is asking for full possession of the property as well as court costs. If the dispute is not resolved next month, the house will be auctioned off.
Kim released in March, but it appears that hasn’t helped. As of December 2014, Kim owed the IRS over $100,000.
Next up is Juelz Santana who is apparently dealing with foreclosure issues like Lil Kim. The Dipset member just announced on Friday that he was heading back into the studio to drop a new album and now we see why. Apparently Juelz needs to stock back up on the money.
In regards to his new music, Santana says the focus right now is just getting things underway.
Juelz put it like this:
âItâs about time to show them what it is. If I hear somebody on a track, I might reach out to them and get them on there. Iâm just working, though. Itâs about me right now. I fuck with everybody, everybody fuck with me.â
Hopefully Santanaâs still got the same bars he showed off on the many Diplomat records and his own What the Gameâs Been Missing!, which celebrated itâs tenth anniversary this past November.
As for, Juelz Santana’s luxury condo in Jersey, it has officially been foreclosed. Word is, the Dipset rapper has apparently failed to pay his monthly mortgage of $3,754 since November 2013.
Bossip reports:
Santana bought the condo 11 years ago, and he reportedly took out a $486,000 mortgage to do so. After ignoring his monthly payments for almost two and a half years, Wells Fargo, the bank from whom he borrowed the mortgage, filed a lawsuit against him earlier this year. Last month, the judge sent Santana a warning regarding the imminent foreclosure of his property, to which the rapper had 10 days to respond. He did not, and thus, the judge issued a final foreclosure notice on April 22.
Santana will soon be forced to leave the 2,300 square foot condo, which will be sold at a sheriff’s sale. He now owes a reported $688,219 plus $7,000 in lawyers’ fees.
Well we wish them both luck on their foreclosure woes.
Photos: Instagram
