Lil Kim Facing Foreclosure
It’s hard out here for pimp…tryna make that money for the rent!
Lil Kim is reportedly facing foreclosure on her $3 million mansion in Bergen County, New Jersey.
According to an exclusive report from Bossip, the Queen Bee scooped the mansion for $2.2 million back in 2002 leaving her with $9,935 monthly payments on her $1.6 million mortgage.
Fast times slowed up and the rapstress fell behind on her payments in 2009. HSBC Bank sued Kim, born Kimberly Jones, in 2010, but she was able to stall the foreclosure until late last year when the judge put her in default.
Lil Kim has reportedly stopped making payments altogether. She and her lawyers been trying to save her home through mediation with the bank.
An agreement couldn’t be reached during a meeting with HSBC and arbitrators in March, so they will try again next month. If all parties can’t resolved the debt, Kim’s mansion will be auctioned at a sheriff’s sale.
In addition to fighting to save her home, Kim was smacked with a $126,805 federal tax lien last year for failing to grease Uncle Sam’s palms from 2010 to 2013.
The good news is Kimmy Blanco is slated to hit the stage with Diddy as part of his Bad Boy Reunion Tour.
Hopefully, that will generate a good amount of coinage for her.
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