When The Checks Stop Coming In Exclusive: #LHHNY’s Juelz Santana Loses $650K Condo To Foreclosure
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Dipset Member Loses Home From Behind Bars
He’s lost his front teeth, his freedom – and now he’s lost his home.
The bank has foreclosed on jailed Juelz Santana’s family home, BOSSIP has learned.
Last week, a New Jersey judge issued a foreclosure judgment against the incarcerated rapper and directed the local sheriff to sell it at auction ASAP to recoup the $650,111 he owes on the home, according to court papers obtained by BOSSIP.
We exclusively revealed that Wells Fargo Bank sued Santana back in February, alleging that the rapper hadn’t paid the mortgage since July 2018, and wanted him out ASAP.
Santana bought the 2,300 square foot condo in 2005 for $540,000 and financed it in part with a $486,000 mortgage with 8.5 percent interest rate, his mortgage states. He agreed to make monthly payments of $3,754 for 30 years to pay for the home. The property is now valued at $410,000 according to Realtor.com, and is located in a tony Northern New Jersey housing development that was once home to the Notorious BIG.
The “Clockwork” artist, who is jailed until 2021 after pleading guilty to trying to bring a loaded gun onto a plane, never responded to the lawsuit, and on Oct. 24, the judge issued a default judgment against him and the home be sold at Sheriff’s auction.
Santana and his family do not live at the home in question, it is believed that was where his immediate family resided. It was unclear Tuesday if the home was still occupied.
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Santana’s foreclosure isn’t the only home-related lawsuit that he’s facing. JP Morgan Chase sued him last year to evict his wife, reality star Kimbella, and their three children out from the $865,000 McMansion they’d been renting. Chase accused the Santana family of “illegally taking possession” of the property and refusing to leave it after the bank bought it at a foreclosure auction in 2018.
They later settled, agreeing that the Santana family would pay $40,000 in back rent and future payments would count toward’s purchasing the place. But the deal must’ve broken down because last month, Chase sued them again, court papers state.
That case is scheduled to go to trial next month.
