Jim Jones & Partner Chrissy Lose NJ Mansion To Foreclosure; House Sold At Auction For Just $100 (Exclusive)
Jim Jones & Partner Chrissy Lose NJ Mansion To Foreclosure; House Sold At Auction For $100 (Exclusive)
Source: Johnny Nunez / Getty
Dip Set Rapper Allegedly Owes $1.2 Million On Mortgage
His hit song may be “Ballin,” but a lawsuit against rapper Jim Jones claims he’s far from it.
Jones and his long term love Chrissy Lampkin have had their New Jersey mansion foreclosed on and sold at auction, BOSSIP has learned.
The U.S. National Bank Association sued the reality star couple back in 2017 for allegedly failing to pay their mortgage since 2010. According to the complaint, Jones bought the house in 2006, and took out a $680,000 mortgage with a 6.875 percent interest rate. He agreed to make monthly payments of $4,467.
However, the bank said Jones stopped paying it almost ten years ago, and under the terms of his mortgage, if he went into default the entire amount would be due.
Last year, the bank said it reached an agreement with Jones and Lampkin to pay the debt and get the home out of foreclosure. However, the deal must’ve fallen through because eight months later, the bank asked the court to issue a final judgment against the couple.
Source: Mike Coppola / Getty
Neither Jones nor Lampkin responded to the case, so the judge put them in default. We’ve reached out to Jones for comment.
The home was eventually sold back to the bank at a Sheriff’s Sale earlier this year for just $100 – court papers state.
In total, the bank says that Jones and Lampkin owe $1,240,017, which includes interest, real estate taxes, advances and homeowners insurance, according to court papers obtained by BOSSIP.
The five-bedroom, three-bathroom home is now valued at $742,000, according to realty website Zillow. The home was featured as part of Lampkin and Jones’ storyline on “Love & Hip Hop: New York.”
Jones isn’t the only Dip Set member in legal trouble over his home. We exclusively revealed that Juelz Santana is in danger of losing his home after the bank asked for him to be put in default in his foreclosure case while he remains incarcerated on a gun charge.
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