Dip Set Rapper Owes Nearly $700,000 To The Bank
Harlem rapper Juelz Santana recently announced that he’d be returning to music – but perhaps it’s because he needs to pay the bills?
We’re asking because we’ve learned that Juelz has lost his New Jersey condo to foreclosure because he hasn’t made a mortgage payment in nearly THREE years.
A judge issued a final foreclosure judgment against Juelz April 22, and his 2,300 square foot condo – in the same development where the Notorious BIG once lived – will be sold at a sheriff’s sale.
Juelz had 10 days to respond to the foreclosure action, but blew it off, according to court records.
Juelz, who was born LaRon James, took out a $486,000 mortgage 11 years ago to pay the $540,000 price tag on the condo. But Wells Fargo said in court papers that he stopped paying the $3,754 a month mortgage in November 2013. The bank sued him soon after, and the “Beamer, Benz or Bentley” rapper will soon be thrown out of the luxury condo in a private community in northern New Jersey.
In total, the Dip Set rapper owes $688,219, plus $7,000 in lawyers’ fees.
BOSSIP’s attempts to reach Juelz Santana were not successful.