This past Sunday, DX reported that Lil’ Scrappy and former Crime Mob rapper Diamond’s homes had reportedly gone into foreclosure. Now, in an exclusive interview with XXLMag.com, Diamond says that one of her houses did in fact go into foreclosure, but that it was a business decision.
“It was a business decision, plain and simple,” she said. “I bought that house in ’02. It was a house I did live in at the time for about a year. But then I got into other rental properties and flipping my money and moved out of that house. The recession hit and the real estate market was not doing what it was supposed to do, so instead of selling it, I rented it out. Then the rental market slowed down, too. So I asked myself, ‘Should I keep this house when no one is buying it or renting it?’ If I can’t sell it, recoup my money or have anyone rent out the property, then why would I keep it? So I decided to let it go to foreclosure last year.” (XXLMag.com)
She added, “People do it all the time. Donald Trump does it. If a person can’t understand that, then they’re stupid.” (XXLMag.com)
Ironically, Diamond – whose current single “Lotta Dough” was recently remixed by Young Dro, Dorrough, Slim Thug, Twista and Trina – says that not only does not live in the residence in question, but that it actually went into foreclosure long before the information broke that it had this past weekend.
“It’s kind of funny that this is coming out now because I let the house go to foreclosure a long time ago,” she explained. “I guess with the courts and it finally going on the market, all of this is just now coming out. I’ve upgraded my place of residence four times since that first house. I don’t want to say where I live now, but I want my fans to know that I own the house that I live in now.” (XXLMag.com)
Diamond is currently preparing the release of her new mixtape Cocaine Waitress, due out this December 30.
I know i’m going to catch hell for what i’m about to say next but I have to say it, as it is killing me inside. Hispanic women no matter if they are white or black tend to have the strongest strain of HIV known to man. And their HIV is known to transform into full blown AIDS over night. I swear to god..Google it…its deep yall. stay away from any females who have Hispanic Blood. Something not right with that ethnicity. I’m telling yall for real. And those light skin Dominican Girls consistently top the list for strogest strains of HIV and other STD’s…In one rare case this light skin Dominican chick had herpes simplex virus 360 and chlamydia 1000. Once again do not have sex with Hispanic women (ethnic) no matter their race.The lighter they are (white) the worse. They are tainted for real. Thats why they chew bubblegum real loud and wear big metal ear rings.. I hear it keeps their blood from boiling over. Hispanic Illuminati Girls are no joke. Be safe white and black men stay away from ethnically hispanic people. Including Cameron Diaz. And the white Sammy Sosa is a confirmed HIV-Gipper102 carrier. In other words he is immune to the effects of HIV and is major function is as a host to this certain viral death.
you’re so gay.
you’re not going to catch anything for this because people can smell trolls from a mile away. Get a life buddy.
For example, my balls are carries of the HIV infection but dipped into your throat they are harmless
Thats why they chew bubblegum real loud and wear big metal ear rings.. I hear it keeps their blood from boiling over.
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I’m sorry but that’s funny..
I went to Dominican for my honeymoon, and they have some of the most beautiful girls for real, HIV or not, just go for it..they got pills for that shit now
Queen Memi..well said……That paragraph That was written was a waste of time…I can sum it up right here STOP GOIN RAW IN FEMALES….PERIOD….Join The Club…Be A Trojan Man
dude…. There so much fucked up shit u just said I don’t even know where to start but… The hell does that have to do with rappers houses being forclosed on?
datz wut the fuck folks git for jumpin to conclusions! i bet they feel like dunces now dat diamond explained the real reasonin behind it. wit her lil sexy ass lol
So, your mother must be proud, you retarded fuck
“datz wut the fuck folks git for jumpin to conclusions! i bet they feel like dunces now ” Do you see the irony in this sentence??
for one it shouldn’t b much a big ass deal dat yall make it to b. dat wuz a choice she made whether it wuz dumb or not. the problem wit yall is dat u feed into wut other ppl are doin and jus automatically assume shit b4 the truth is explained. fuck both yall mothafuckaz lol!
WHO CARES
this bitch should just be a prositute and fk everybody hell ill pay 5k just to spend a night with her.. rap aint for u baby
LMFAO!!! You hell!!! lol!!!
well again some incredible hiphop news. Thanks DX
scrap won a major lawsuit awhile back! no way they can be broke!!!!!!
Letting your house go into foreclosure, rather than take a loss is just dumb. Besides, how much of a loss are you taking? Think about it (I’m just throwing figures out) You buy a house in ’02 for 1mill., live there for a year, rent it a little while, then sell it for 700K. Thats 700K in your pocket, rather than the bank getting a house they will resale for more, and then you don’t look like a broke moron who lives beyond their means.
I work in real estate & deal with foreclosures everyday. Trust me your better off selling than foreclosing.
If you work with real estate daily and foreclosures than you should know you can’t judge what she’s saying with these bare facts. You have no idea what she paid for the house back in ’02, what kind of mortgage or sub-prime mortgage she got may have been suckered into, what the real estate market was like in that area at the time or what its like now. I watch business news almost daily, and they’ve got market analysts and top end executives and experts on there all the time taking live phone calls from people asking their advice. I’ve heard them on live tv telling callers that based on their specific circumstances that they should walk away from their mortgages and let it fall into foreclosure. There are 100,000’s of people in this situation in the last 2 years and all of them are walking away from their houses and letting them go to foreclosure.
Unless you know all the details don’t say its always smarter to sell at a loss than to walk away.
First of all most of you real estate experts have no idea of what you are talking about. So take it from someone with a a degree in Finance and a minor in Real Estate from VA Tech. Foreclosure is never a good idea. The implications that it has on your credit alone is a good enough reason to see that this bird is lying. Second you can’t “walk away” from a mortgage. just because the house goes into foreclosure doesn’t mean she no longer is responsible for the debt because she is. Third if the house is under water like she says that it is the difference between what the bank can get from the foreclosure sell of the property and what her original mortgage was is still her responsibility!! Just admit the fact that you are BROKE!!! If you can’t afford your “rental property” how can you afford to own another house? Stop lying Diamond!!! I’m not stupid enough to believe you!!!
I feel you homie, In other words this chick has made numerous bad financial choices, bought a house she couldnt afford, didnt know the market. And now she is making it worse for herself and the market in general, Cant believe she tried to compare herself to Trump.
Eh you only have a bachelor’s. You’re no expert. Everything you said could be learned from listening to a news story.
And… “The recession hit and the real estate market was not doing what it was supposed to do”
Its suppose to gain 3-5 percent a year, not the 10-15 that it was doin in some areas.
The rationale she uses is not logical. Further, to compare herself to Trump is dumb too…difference between the two is that Trump can actually borrow money post-foreclosure, and she can’t. Judging from the pics of the home and the area of Atlanta it was located, it that house wasn’t super expensive.
Cosign. This bitch would have made headlines if she was just honest about it, ie, “I didn’t know how to handle my money and I just learned a valuable life lesson.”
Instead this bitch goes:
“…Donald Trump does it. If a person can’t understand that, then they’re stupid.”
Annnnddd no one gives a fuck about her, same as before. With a quote like that, I’m glad she’s homeless lol
She sounds uneducated as hell. I’ll fuck her though. Hoodrats are for fun, neva wife’em.
So her car gets repossessed and it was an “error” on the dealership supposedly. Now her house gets foreclosed and it was a “business” decision… come on trick. We weren’t born yesterday or later on that evening as Curren$y would say