Saturday, December 13, 2014
Sad! Jermaine Dupri loses his Atlanta mansion to foreclosure
I SAY 3 THINGS
1-PAY YOUR TAXES
2-MAKE SURE YOUR CAR NOTE IS NOT MORE THEN YOUR HOUSE NOTE
3-LIVE WITH IN YOUR MEANS
He tried for years to keep his northwest Atlanta mansion. But Jermaine Dupri has lost his former home to foreclosure, according to Fulton County legal notices.
The producer, songwriter and performer owes $2.5 million on the 9,441-square-foot home, but is unable to make the monthly payments, according to a mortgage foreclosure notice. The property is valued at nearly $3.7 million, Fulton tax records showed.
“The debt secured by said Deed to Secure Debt has been and is hereby declared due because of, among other possible events of default, non-payment of the monthly installments on said loan,” the legal notice states. “The debt remaining in default, this sale will be made for the purpose of paying the same and all expenses of this sale, including attorney’s fees (notice of intent to collect attorney’s fees having been given).”
TO READ MORE CLICK HERE http://www.ajc.com/news/news/jermaine-dupri-loses-his-atlanta-mansion-to-forecl/njQJB/