Apparently the rich and famous are feeling the economic crunch as well. A few of stars are dealing with foreclosure drama!
The oh so sexy rapper/actor Common is facing foreclosure on his Chicago apartment. Mortgage payments are allegedly an uncommon practice for rapper Common … who is now in danger of having his Chicago apartment foreclosed on because he allegedly hasn’t paid his mortgage since March.
Rayn Lochte needs to pose for Playgirl or something because it is reported that his parents are facing foreclosure on their home. According to a lawsuit filed in Volusia County, FL … CitiMortgage claims Steven and Ileane Lochte took out a mortgage loan for $258,000 back in 2007 and they were to pay $1,609.58/month.
Hip Hop icon, Nas, lost his Georgia Mansion. According to official records, Nas purchased the 2-bedroom, 3-bath pad back in 2004 for $585,000 … but according to SunTrust bank (which issued him the loan) … Nas couldn’t cover the tab and defaulted. Reportedly he still owed 507,000.
Fantasia Barrino has giving up and told the bank to take her home after threats of foreclosure. According to court docs, Barrino transferred the deed over to the bank in February … skipping the foreclosure process and jumping right to the part where she loses her home.
The ex-NBA Baller, Allen Iverson, lost his multi-million dollar Atlanta mansion. Iverson allegedly defaulted on a $1.2 million mortgage which sent the $4.5 million home into foreclosure. He briefly fought off an auction … but ultimately, he couldn’t stop it.
Well I wish them all luck along with the millions of regular folks who are losing their homes as well.