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Diddy Reveals He Cosigned Misa Hylton-Brim’s $700K Home Loan

We reported last March that Diddy’s baby mama Misa Hylton-Brim wanted the rap mogul to help her fight the foreclosure on her home, but Puff wanted nothing to do with the loans because he didn’t reside in the NYC mansion.

According to new reports by JasmineBrand.com Diddy is blasting Misa for her piss poor money management:

theJasmineBRAND.com obtained the exclusive court docs, revealing that CitiBank filed a lawsuit against Diddy and his baby mama Misa Hylton-Brim – mother to his son Justin – accusing them of defaulting on a $712K loan for a New York home. The court docs explained that Diddy co-signed a bank loan for Misa but she stopped making the payments back in 2010.

The bank demanded that Diddy be held responsible even though he didn’t reside there — and they sued the music mogul and his baby mama for a total of $622,518.34 and wanted the court to allow them to foreclose on the home.

Diddy blasted the lawsuit saying he only helped out Misa get the loan because of her bad credit. However, he claimed she agreed to handle all the mortgage payments and he would not be held accountable if she couldn’t make them.

Diddy reveals why he helped his baby mama in the first place and says it was only for their son Justin:

He said that he helped Misa get the home loan because she was raising their son Justin and his son was living with his baby mama. Diddy said he paid Misa substantial amounts of child support over the years and that part of what she received was suppose to be used to pay her home bills. He then accused his baby mama of not being able to manage her finances despite his huge monthly child support checks. Diddy also claimed to have to help her out with large sums of money on numerous occasions to assist with mortgage payments.

Diddy demanded the lawsuit be dismissed against him because it wasn’t his home and to make matters worse — he said Justin now lives in California and not with his mother.

Citibank fired back at Diddy and claimed he was responsible for the default on payments.

Do you think Diddy should be responsible for the loans that he cosigned for Misa?

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