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.