NEWS: Jermaine Dupri Loses Atlanta Mansion
Jermaine Dupri’s never ending battle to save his Georgia mansion from being foreclosed on seems to have come to an end — with the home he has owned for over a decade scheduled to hit the auction block this month.
Reports The Jasmine Brand exclusively:
Reportedly back in 2013, Dupri successfully saved his mansion from hitting the auction block twice in the span of four months.
According to the public notice, the music producer was close to having his pricey home sold off in September 2012 — due to the bank claiming he owed them nearly $200K in mortgage payments. Dupri fired back in court claiming the bill was inaccurate. The judge ordered the sale to be postponed and for the two to work out things on the amount owed.
Dupri worked out a deal with the bank to pay off the debt he owed … and was to make his monthly payments along with a lump sum to cover the payments he was behind to them
Dupri seemed to have been making his payments for over a year, with the home not once hitting the block and no lawsuits being filed against him for foreclosure.
Then last month, a notice of sale for Jermaine Dupri’s home was filed by the owner of the deed of the home. The record shows that Dupri took out a $2.5 million dollar loan on the home back in 2005 and it states,
The debt secured by said Deed to Secure Debt has been and is hereby declared due because of, among other possible events of default, non-payment of the monthly installments on said loan. The debt remaining in default, this sale will be made for the purpose of paying the same and all expenses of this sale.
Reportedly, the foreclosure auction is to take place this month.