Posted by Bossip Staff
Wyclef’s Miami crib is being foreclosed:
Proving that foreclosures spare no one, a Miami Beach property owned by hip-hopper Wyclef Jean is about to be auctioned on the proverbial courthouse steps, according to court records.
Through a corporation he owns with friends, the former guitarist of The Fugees borrowed $2 million from Home Equity Mortgage Corp. in 2004. He wanted to rebuild a canal-front home next door to Kennedy clan stalwart Anthony Shriver, Maria’s little brother.
But a series of construction liens filed since then shows the Pine Tree Drive project was burdened by a heap of financial trouble.
With the music industry revenues declining and the spiraling economy, this bling sh*t and “making it rain” stacks in the club is about to get real old, real quick. Poor thang.