Kim 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 sheriffs sale, court records obtained by BOSSIP show.
HSBC wants full possession of the mansion, damages and their court costs paid.
The mansion is now valued at more than $3 million.
The mother of one has been in the news in recent weeks looking drastically different from her 1990s heyday. Kim’s skin appears several shades lighter and the shape of her nose, eyes and cheeks made her look almost unrecognizable.
And she’s due to take the stage next week alongside P. Diddy and Jay-Z for a tribute concert to the Notorious BIG at the Barclays Center in Brooklyn.
We’ve reached out to Kim’s lawyer for comment.
Kim’s pending foreclosure is the latest in a string of money problems for the rapper. Last year, the IRS slapped a federal tax lien for $126,805 in back taxes for her income from 2010 through 2013.