Juelz Santana has reportedly lost his New Jersey condo to foreclosure. (Hmm – maybe that’s why he’s so eager to release new music now after all this time.)
According to Bossip, a judge issued a final foreclosure judgment against the Harlem rapper on April 22, giving him 10 days to respond. He ignored it, however, so it will now be sold at a sheriff’s sale.
The filed documents show that Juelz took out a $486,000 mortgage to pay for the $540,000 condo in 2005, but stopped paying Wells Fargo the $3,754 a month mortgage in November 2013. In total, he owes $688,219, plus $7,000 in lawyers’ fees.
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I’ve always wondered how Juelz has stayed afloat over the last decade without releasing any new music – and a huge part of me suspects he’s invested in real estate. I say that to say – perhaps he already moved to a different home, and/or perhaps this was a home he’d purchased for friends that he no longer wanted? It doesn’t make the way he went about it any better, but perhaps he’s merely irresponsible and not actually “broke” as one would immediately assume from a story like this. What do you think?
Peep Santana’s response to the rumors below.
Source: Bossip
