Rapper In & Out Of Court Over His New Jersey Condo
Juelz Santana may have managed to save his house from foreclosure, but he’s still not out of the woods.
The “Dip Set” rapper’s Teaneck, NJ condominium was put into foreclosure last year, after the bank said Juelz owed nearly $700,000 after not paying the mortgage for three years.
A judge issued a final foreclosure judgment against Juelz April 22, 2016, and his 2,300 square foot condo – in the same development where the Notorious BIG once lived – after Juelz failed to respond to the foreclosure lawsuit.
Juelz, who was born LaRon James, took out a $486,000 mortgage 12 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.
In total, the Dip Set rapper owed $688,219, plus $7,000 in lawyers’ fees, according to court docs.
But those recent checks from “Love & Hip Hop New York” must have come in handy, because Wells Fargo recently asked the judge to vacate the foreclosure because it reached a deal with the “Beamer, Benz or Bentley” rapper, according to court papers obtained by BOSSIP.
“Plaintiff and Defendant now wish to amicably settle this matter prior to the completion of the foreclosure action,” Wells Fargo wrote according to court docs.
But Juelz isn’t out of the woods yet – his condo association has now hit him with another lawsuit over his house – but this time it has to do with his balcony – not nonpayment.