When The Checks Stop Coming In: Chamillionaire Sounds Stupid As Hell Saying He “Decided To Let That House Go” After Foreclosure
Chamillionaire’s home has been foreclosed and like any “normal” person this dude is bragging about it. SMH:
Via TMZ:
A Houston mansion owned by rapper Chamillionaire was repossessed by the bank recently after the place went into foreclosure — but according to the rapper, it was all part of a calculated business decision. TMZ has learned Chamillionaire lost the 7,583 sq. foot home — which he picked up for roughly $2 million back in 2006 — after failing to make several payments.
But, yesterday in New York we spoke with Chamillionaire — real name Hakeem Seriki — who told us he “decided to let that house go” because the real estate market had turned and the house had become a bad investment.
Chamillionaire also noted that he was never at the home because, “I was always on the road touring” adding, “I just didn’t feel like it was a good business investment to pay that much mortgage for a house I was never at.”
But Chamillionaire claims he’s far from broke — quipping, “I still got all the cars.”
SMH.
