Life may be good on the Billboard charts, but it doesn't seem to be in Nas' personal life. TMZ is reporting that the Queens MC is going through some financial troubles, recently losing his home in Georgia to foreclosure after he was unable to continue making payments on the $585,000 property. Check out the full story via TMZ below...
Life’s a bitch … Nas sang it and now he’s living it … because besides being knee deep in tax debt, TMZ has learned the rapper just lost his Georgia crib to foreclosure.
According to official records, Nas purchased the 2-bedroom, 3-bath pad back in 2004 for $585,000 … but according to SunTrust bank (which issued him the loan) … Nas couldn’t foot the bill and defaulted on the payments, still owing $507,000.
SunTrust recently foreclosed on the property and then sold it to the highest bidder at public auction last month for $348,500 … WAY LESS than the rapper paid eight years ago.
It’s a steal for the new owner — the house is over 3,500 square feet with a walk-in pool and hot tub … granite counter-tops … custom theater … gym and game room.
The fact is, Nas is not an artist who tours a lot, like some of today's biggest pop stars, and with the MC paying his ex-wife singer Kelis $25,000 a month (he was originally ordered to pay $50,000 a month,
but it was later rediced to half) in child support, times must really be hard for Nas financially. So if he wants to keep up those child support payments and not end up homeless, Nas better get himself out there and tour his ass off like an exhausted pop singer.
On a lighter note be sure to check Nas out on tour with another financially struggling singer Lauryn Hill on dates for their upcoming Life Is Good/Black Rage tour, and check out his new video A Queens Story below...
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