Posted by , May 15, 2016 at 03:27pm
Lil Kim's money woes continue.

Since 2002, Lil Kim has resided in Alpine, NJ, the same celebrity enclave that Chris Rock, Fabolous, Jay Z, Diddy, and many others have called home. It looks like she may be moving soon; according to Bossip, Kim is on the verge of losing her mansion, valued at around $3 million, for failure to keep up with her monthly payments. 

Court documents reveal that Kim has been on schedule to pay a monthly mortgage of $9,935 since she bought the property. HSBC Bank sued her in 2010 after she started to fall behind on payments. Now, she is due back in court with HSBC and its representatives in June after they failed to reach an agreement during March negotiations. HSBC is asking for full possession of the property as well as court costs. If the dispute is not resolved next month, the house will be auctioned off.

Kim owed the IRS over $100,000 as of December 2014. Her most recent project is her Lil Kim Season mixtape released in March.

[via]

Lil Kim's $3 Million Mansion Reportedly On Verge Of Foreclosure

Lil Kim's money woes continue.


Since 2002, Lil Kim has resided in Alpine, NJ, the same celebrity enclave that Chris Rock, Fabolous, Jay Z, Diddy, and many others have called home. It looks like she may be moving soon; according to Bossip, Kim is on the verge of losing her mansion, valued at around $3 million, for failure to keep up with her monthly payments. 

Court documents reveal that Kim has been on schedule to pay a monthly mortgage of $9,935 since she bought the property. HSBC Bank sued her in 2010 after she started to fall behind on payments. Now, she is due back in court with HSBC and its representatives in June after they failed to reach an agreement during March negotiations. HSBC is asking for full possession of the property as well as court costs. If the dispute is not resolved next month, the house will be auctioned off.

Kim owed the IRS over $100,000 as of December 2014. Her most recent project is her Lil Kim Season mixtape released in March.

[via]

Comments

35
ADD COMMENTView Comment Thread