Times is hard for everybody, such as Lil Kim and Juelz Santana.
It is being reported that the Dipset rapper Julez Santana recently lost his New Jersey Condo to foreclosure and it will be sold at a sheriff’s sale. Santana, born LaRon Louis James, is in the hole for almost $700,000 after not making a mortgage payment for almost three years. Reported exclusively by Bossip, Santana had 10 days to respond to the foreclosure action, but blew it off. Juelz took out a $486,000 mortgage 11 years ago to pay the $540,000 price tag on the condo, but the Banker Wells Fargo states that Juelz stopped paying the $3,754 a month payment in November of 2013. In total, Santana owes $688,219 plus $7,000 in lawyers’ fees. The 2,300 square foot condo–that Santana lost–is in the same development where Notorious BIG once lived.
On the topic of Notorious BIG, his ex-girlfriend and Protegee Bad Boys’ very own Lil Kim is also facing foreclosure over her $3 Million dollar Mansion, also in New Jersey. Another story breaking exclusively through Bossip, states that HSBC Bank sued Lil Kim to foreclose on the mansion back in 2010, but Kim managed to stave off the foreclosure until late last year, when a judge put her in default. She bought the mansion in 2002 for $2.2 million, with a nearly $1.6 million mortgage, and agreed to make monthly payments of $9,935, according to court records obtained by BOSSIP. But court records show she began missing payments in 2009, and at some point stopped paying all together. Lil Kim, born Kimberly Jones, and her lawyers have since been trying to save the house through mediation with the bank. They met with HSBC and arbitrators in March, but couldn’t come to an agreement, so they’re all due back in for another mediation meeting next month. But unless they resolve the debt, or a judge delays the foreclosure, Kim’s mansion will be auctioned at a sheriff’s sale. HSBC wants full possession of the mansion, damages and their court costs paid.
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