Wyclef Jean Loses Miami Beach Home To Foreclosure
Another day another celebrity foreclosure. Singing star Wyclef Jean, former member of the Fugees and an independent artist, has had his Miami home foreclosed upon. The home, under construction, has a 2.4 million loan due to Home Equity Mortgage Corp.
With the economic downturn, banks and lenders are not cutting any slack. Even celebrities which lenders in the past would give some leeway to are now being held to a higher standard.
The $2.4 million waterfront mansion on Pine Tree Drive is now owned by a bank. The house is scheduled to be sold at the Miami-Dade Courthouse next month, along with a handful of liens by the construction crews, who never finished, and more than $100 thousand in unpaid taxes.
Neighbors were surprised by the news. “I really think he’s a great musician and he’s come a long way and gone through a lot in terms of his history and his life,” said neighbor Sara Poses. “I don’t know what the circumstances are but I feel bad for him.” via cbs4.com
Montreal Canada. L`ile bizard. Large private mansion with concrete pool, sauna, nested in woods. with 6 large garages ...
Great points Tom - the flavor of the day solution is only adding to the instability and volatility.
When Washington ...
I see it all too often where owners decide to be investors without understanding that tenants have rights. Its ...
cont from above post.....
please contact me via e-mail if interested in the home listed
above.
jonieckstrom@yahoo.com 
This is a topic currently being debated in our local Real Estate Board here in Toronto Canada. Online, we ...
A property management company should realize that most potential tenants now will have a foreclosure or bankruptcy on their credit....as ...
my boyfriend and i just fell for the scam ourselves, it's sad what they are able to do. I am ...
Now is an excellent time for business people to buy if they have decent credit (I did not say excellent ...
Comment by GLADSTONE SIX on 25 November 2008:
Is this real you saying about him… its shocking man..!!
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Pingback by OKIDOKIE.NET » Blog Archive » Wyclef Lost his home in miami on 26 November 2008:
[...] day another celebrity foreclosure. Singing star Wyclef Jean, former member of the Fugees and an independent artist, has had his Miami [...]
Comment by jeremiah on 27 January 2009:
I can’t wait until the worthless P. Diddy files for bankruptcy then gets a tattoo that says “Looser”
Comment by blain on 22 February 2009:
hater bitch
Comment by Allan Kleer on 8 May 2009:
This housing crisis spares no one, not even celebrities.
There are signs of recovery in Miami housing market. Hopefully by 2010 Miami will be on its feet again.
Pingback by Retired ballplayer Lenny Dykstra getting foreclosed in Thousand Oaks, CA? His mansion, which had been listed for $25M but no longer is on the market, is wanted by the banks on 5 January 2010:
[...] Fla. that was under construction and that he had co-owned with some friends. Jean watched the mansion get foreclosed late last [...]