Jermaine Dupri Mansion Rescued from Foreclosure
Jermaine Dupri is a record producer, songwriter and hiphop artist. However, these days he is rapping to a different beat.
Dupri owns a huge property in Atlanta, Georgia. Once again, he rescued the home from foreclosure this week. The foreclosure auction was set for September 4th and the bank claims he missed $193,404 in mortgage payments.
Dupri asked the court to block the auction by filing an emergency motion. He said he only owes $89,901 and paid the bill in full by the time the motion was filed. At the last minute, the house was pulled off the auction block.
James Kane, Dupri’s attorney has responded (via TMZ) saying there was no foreclosure sale of the home and they are currently working with the lender to regarding the amount due.
Jermaine Dupri Saves Altanta Mansion From Foreclosure
The hip hop artist and Grammy-winning producer, Jermaine Dupri, fell behind on payments for his Atlanta mansion. Last week, the home almost went into auction for unknown reasons. The sale was terminated at the last minute. Maybe he learned a lesson from 2002 when his property was seized by IRS agents for an outstanding debt of over $2 million.
No details have been specified why the home was removed from auction. The foreclosure was started on the original amount over $2.5 million from Suntrust Bank. Dupri also owes $14,024.67 on unpaid property taxes, penalties and fees that are connected with another home he owns.
In addition, it’s been reported Dupri owes the State of Georgia $493,768.75 for back taxes from 2007.
If that isn’t bad enough, now he owes a contractor $12,000 that has been managing the home’s renovations. The contractor, Tom Regan, filed a lien on Dupri’s mansion for the unpaid bill. The ‘Money Ain’t a Thang’ artist’s financial woes are far from over with his recent court ordered child support bill he just received.
