Chamillionaire loses his chamillion dollar home
Hollaaa! The rapper Chamillionaire gets his Houston mansion repossessed by the bank after it went into foreclosure. The 7,583 square foot home was bought by the rapper back in 2006. Chamillionaire, who’s real name is Hakeem Seriki (Do you care?), paid more than $2 chamillion dollars for the mansion.
Apparently the missed payments which led to the foreclosure was the rappers master plan. Chamillionare decided to just let the property go since he saw it as a failed investment with the current real estate market. He owed more than the home is worth. Of course, this situation is similar to the millions of Americans nationwide.
TMZ caught up with the rapper in New York to ask him about his situation. Chamillionaire said, “I just didn’t feel like it was a good business investment to pay that much mortgage for a house I was never at.”
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Chamillionaire loses his chamillion dollar home…
Hollaaa! The rapper Chamillionaire gets his Houston mansion repossessed by the bank after it went into foreclosure. The 7,583 square foot home was bought by the rapper back in 2006. Chamillionaire, who’s real name is Hakeem Seriki (Do you care?), paid …