Jermaine Dupri is catching a break. The So So Def founder’s Atlanta mansion was in foreclosure and slated to be auctioned off on the courthouse steps in the city’s northwest area last week, but he managed have the sale canceled in the nick of time.
The 15,000 square foot home, located on Mount Paran Road in Georgia, was being managed by Design Logistics, who claims he still owes $12,000 for renovating and designing the abode. But his money troubles extend further, with Dupri owing more than $2.5 million on an original loan for the home made by Suntrust Bank. Additionally, he owes $493,768.75 in back taxes for income earned during 2007.
For the home in particular, Dupri is in the hole for $14,024.67 in unpaid property taxes, as well as penalties and fees in connection with another one of his houses.
Dupri, who has helmed hits for Mariah Carey, Jay-Z and more, launched the hip-hop label TAG Records in 2008 under Island Def Jam Music Group, only to be ousted from the imprint less than a year later.
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a 15 000 sq. ft. home and dis nigga owes 3 million dollars, time to downgrade bro, no body needs a house that big!!!
Seriously. That shit is outrageous.
What happened to Money ain’t a thing?
good one…
i bet if he got kris kross to make a comeback they could take over the game and stack mad paper yo!!!!
In “Welcome to Atlanta” he bragged about going out every night. Guess that’s where all the money went.
Atlanta is home to the biggest frontin’ people. I mean you should see them all. There are more folks driving BMW’s, Benz’z, Jag’s and Bently’s. Most of these folks live in the Projects. Guess Dupree is just like all the rest. Should be a reminder to all these kids out here trying to rap cuz of watching videos. What you see on the TV is not real. Don’t try this at home.
they don’t live in the PROJECTS tho! They also buying houses that they can’t afford. I feel u tho…
I guess that “Kriss Kross Money” has dried up….Another dumbass who can’t manage his finances.
Maybe he can land a role on The Real Housewives of Atlanta, say he’s Nene Leaks baby daddy.